trending Market Intelligence /marketintelligence/en/news-insights/trending/h4JehmtH9trhDQHQw_qcCQ2 content esgSubNav
In This List

Saxo Bank completes acquisition of BinckBank

Blog

Global Capital Markets & SPAC Activity – H1 2021

Blog

Banking Essentials Newsletter: July Edition - Part 3

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration


Saxo Bank completes acquisition of BinckBank

Danish lender Saxo Bank A/S completed its takeover of BinckBank NV, having acquired 95.14% of the aggregate issued and outstanding share capital of the Amsterdam-based bank.

In a joint statement, the banks said they will now commence their integration process, adding that as part of the acquisition, BinckBank will be delisted from Euronext Amsterdam through a statutory buyout procedure.

The BinckBank shares that have not yet been tendered July 31 can still be tendered until Aug. 14.

Following completion, Saxo Bank said it now serves some 860,000 clients and holds roughly €46 billion in client assets.