The Copenhagen-listed group, which provides services included wealth management, is seeing a shift in its roster of owners.

Financial services organisation Sampo Group has offered to take a 19.9 per cent stake in Copenhagen-listed SaxoBank, coming a few months after China-based Zhejiang Geely Holding Group offered to buy 30 per cent of that business. 

Geely Group has offered to buy more shares and will thus become majority shareholder with a total of 51.5 per cent.

TPG Capital and SinarMas accepted the offer from Geely and Sampo Group and will sell 100 percent of their shares of 29.26 per cent and 9.9 per cent respectively. Co-founder and chief executive Kim Fournais’ stake of 25.71 per cent remains unchanged, Saxo said in a statement yesterday. 

The transactions are pending regulatory approvals and are expected to be finalised during the next six months.

“With both Geely Group and Sampo Group as key shareholders in Saxo Bank, we have a strong group of owners with a wish and ability to foster long term growth,” Fournais said.

In August, Saxo Bank, which provides services including wealth management, reported a 45 per cent year-on-year gain in profits. The group has pushed into a variety of markets, including China's, in a bid to tap rising wealth.