Saxo Bank presents an acquisition offer to Euroinvestor.com
In total, Saxo Bank A/S has acquired 5.128.748 shares. The shares have been acquired on equal terms from the two sellers at a price of DKK 15 pr. share. Saxo Bank will now have a total of 69 percent of the shares in Euroinvestor.com and will thereby have acquired control of the company.
In accordance with chapter 8 in the security trading law in Denmark, Saxo Bank A/S will present a takeover offer to the shareholders in Euroinvestor.com A/S at the latest four weeks from today.
Since the beginning of 2009, Saxo Bank A/S has been working in cooperation with the two majority shareholders of Euroinvestor.com A/S and will now take over control of Euroinvestor.com A/S. Going forward, Saxo Bank A/S intends to focus on product development as well as explore the company’s international expansion opportunities.
Saxo Bank A/S intends to keep Euroinvestor.com A/S listed as a publicly traded company on NASDAQ OMX Copenhagen.
EuroInvestor.com has more than 500,000 visitors a month and over 4,500 plus members who use the portal to make better investments. Its major success in Denmark caused EuroInvestor.com to launch portals in other countries in February 2004. The proportion of users in these countries has been on the rise ever since.
About Saxo Bank:
Saxo Bank is an online trading and investment specialist, enabling clients to trade Forex, CFDs, Stocks, Futures, Options and other derivatives, as well as providing portfolio management via SaxoWebTrader and SaxoTrader, the leading online trading platforms . The three specialised and fully integrated trading platforms; the browser-based SaxoWebTrader, the downloadable SaxoTrader and the SaxoMobileTrader application are available in over 20 languages. Saxo Asset Management accommodates high-net worth private clients and institutional investors. In 2010 Saxo Bank continued the diversification of its business with acquisitions of Saxo-E*Trade Bank, a specialist in online investment, and Brørup Sparekasse, a Danish savings bank. The Saxo Bank Group is headquartered in Copenhagen with offices throughout Europe, Asia, Middle East and Australia.
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