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Swiss bank J. Safra Sarasin to buy majority stake in Saxo Bank for $1.2b

It plans to integrate Saxo’s technology platform, accelerate Saxo’s platforms and services offering and expand financial technology partnerships with banks, corporates, family offices, asset managers, and independent wealth managers.

“This transaction highlights J. Safra Sarasin Group’s strategy of undertaking acquisitions in innovative and diversified financial businesses, and further enhances the group’s successful growth and international footprint in financial services,” said J. Safra Sarasin Group.

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banking, europe