Brussels, 04/11/2011 (Agence Europe) - On Friday 4 November, the European Commission granted clearance to the acquisition of joint control of Saxo Bank by global private investment firm TPG (TPG VI Saxo AIV, L.P. of the UK) and Saxo Bank's founding members, Lars Seier Christensen Holding A/S and Fournais Holding A/S (which together make up the Founders company of Denmark).
TPG manages a family of funds that invest in a variety of companies around the globe through acquisitions and corporate restructurings. The main activity of Saxo Bank's founders is to own, manage and trade in securities via Saxo Bank. Saxo Bank is an online Danish retail and investment bank. (LC/transl.fl)