Breaking: Saxo Bank Co-Founder Lars Seier Christensen Sells Stake to Chinese Billionaire

[kreslik.news]

Saxo Bank has just announced that one of the company’s founders, Lars Seier Christiansen sold off his stake in the Danish multi-asset brokerage to a Chinese investor. Chinese billionaire Li Shufu is the Chairman and major shareholder of the Hong Kong based subsidiary of none other but private company Zhejiang Geely Holding Group Co.


Zhejiang Geely Holding Group Co made rounds worldwide after acquiring Volvo Cars in 2010 and the London Taxi Company. Saxo Bank’s new investor is a 30 year old Fortune 500 company, with revenues for 2016 totaling over $26 billion, while the firm’s ... (read more)