Bank J. Safra Sarasinhas agreed to acquire the remaining indirect stake in Saxo Holding AG held bySaxo Bank founder Kim Fournais, giving the Swiss banking group full ownershipof the online trading and investment platform.The latest transactioncompletes a deal that began in March 2025, when J.Safra Sarasin agreed to acquire more than 70% of Saxo Bank from Geely,Mandatum and other shareholders. At the time, Fournais retained the remainingstake and continued to lead the company.The stake representsapproximately 28.69% of Saxo Holding AG. It follows Bank J. Safra Sarasin'sexercise of a call option under a shareholders' agreement between the twoparties.Saxo Bank Keeps Independence Under NewOwnershipOnce the deal closes,Bank J. Safra Sarasin will own 100% of Saxo Holding AG and, indirectly, SaxoBank. The company said Saxo Bank will continue to operate as a separate entitywhile benefiting from the financial backing of the J. Safra Sarasin Group tosupport future growth.Kim Fournais willremain Chairman of the Board of Directors of Saxo Bank after the transaction. The bank said fullownership strengthens its long-term ownership structure while maintainingcontinuity for clients, partners, and employees.Jacob J. Safra,Chairman of the J. Safra Sarasin Group, said Fournais had built "anexceptional business" and that the milestone reflects the group's"long-term perspective." He added that the bank is committed topreserving Saxo Bank's strengths while supporting "its next phase ofsustainable growth."J. Safra Sarasin Increases Its Stake in Saxo: Just months after completing its majority acquisition of Saxo Holding, Bank J. Safra Sarasin has moved to acquire the remaining stake held by founder Kim Fournais, making it the sole sharehol... https://t.co/OKxTgl42Mi— finews.ch (@finews_ch) July 6, 2026Deal Awaits Regulatory Approval BeforeClosingThe announcement alsosaid Saxo Bank expects to report its strongest first-half financial performanceon record for the six months ended June 30, 2026. The expected results aredriven by continued growth in client numbers and assets under management.Commenting on thetransaction, Fournais said the agreement is "fully aligned with the visionagreed with J. Safra Sarasin" and represents "the next natural stepin Saxo's evolution." He added that he looks forward to continuing to supportthe company's strategic direction as chairman.The transactionremains subject to customary regulatory approvals. The financial terms were notdisclosed.This article was written by Tareq Sikder at www.financemagnates.com.