Chinese car maker Geely in $300m deal to control Denmark's Saxo Bank

Chinese car maker Geely in $300m deal to control Denmark's Saxo Bank

Image: Saxo Bank website

Chinese carmaker Zhejiang Geely Holding Group will increase its stake in Denmark’s Saxo Bank to above 50 percent in a $300 million-plus deal that highlights China’s drive to tap the expertise of European financial firms.

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