Saxo, which derives most of its income from its online trading platforms, is majority-owned by Chinese carmaker Zhejiang Geely Holding Group.
Funds of Swedish private equity firm EQT, including co-investors, will own a majority of the merged group.
Danish telecoms company TDC urged investors to back a $6.7 billion cash offer from Australia’s Macquarie and three Danish pension funds on Monday. “After careful review of our options, the board of directors of TDC believes that the consortium’s offer represents both the most compelling value and the highest transaction… Read more »
A $1.2 billion takeover of OperaSoftware by a group of Chinese internet firms fell through on Monday after failing to get regulatory approval in time, sending the Norwegian browser firm’s shares to a seven-month low. The deal needed a green light from the United States and China, and one firm… Read more »