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Saxo Bank said to draw Altor-led group, Interactive Brokers

Bloomberg
Bloomberg • 2 min read
Saxo Bank said to draw Altor-led group, Interactive Brokers
Interactive Brokers Group and a consortium of Altor Equity Partners and Centerbridge Partners are among those that have shown initial interest in acquiring Denmark’s Saxo Bank. Photo: Bloomberg
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Interactive Brokers Group and a consortium of Altor Equity Partners and Centerbridge Partners are among those that have shown initial interest in acquiring Denmark’s Saxo Bank, according to people with knowledge of the matter.

Investors led by Altor and Centerbridge have submitted a non-binding bid for the Danish brokerage firm, the people said. Deliberations are ongoing and there are other potential bidders interested in Saxo Bank, according to the people. Saxo Bank could still decide against a transaction, they added.

Saxo, the trading platform with about US$120 billion ($157.61 billion) of client assets, said in July that it had hired Goldman Sachs Group to help it identify new owners.

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