Broker Saxo Bank has invited investment banks to participate in the sale of the company.

According to a preliminary estimate, the sale of Saxo Bank could cost around 1.5 to 2 billion euros. It is expected that the sale process could begin as early as this year and will depend on general market conditions.

Saxo Bank is currently considering various divestment options, ranging from an outright sale of the company to the sale of a minority stake followed by the possibility of providing liquidity to existing shareholders.

Saxo Bank attempted to go public in September 2022 through a merger with a Special Purpose Acquisition Company (SPAC) listed on Euronext Amsterdam. However, the deal did not materialize due to "challenging market conditions".

Saxo Bank is now approximately 50% owned by China's Geely Group, approximately 28% by CEO Kim Fournais through his holding company Fournais and approximately 20% by Finnish insurance group Sampo.

Saxo Bank provides its more than 1.1 million clients in 170 countries with access to a variety of financial markets, as well as the opportunity to earn additional income by investing in ready-made diversified portfolios.

Previously, S&P Global Ratings upgraded Saxo Bank's long-term credit rating from 'BBB' to 'A-'. The rating affirms the company's ability to provide a safe and reliable trading and investment platform for its clients and partners.