Geely in US$300m deal to control Denmark's Saxo Bank
Copenhagen
CHINESE carmaker Zhejiang Geely Holding Group will increase its stake in Denmark's Saxo Bank to above 50 per cent in a US$300 million-plus deal that highlights China's drive to tap the expertise of European financial firms.
Beijing has generally been trying to slow the pace of overseas investments by Chinese companies, worried about capital outflows. But there are signs that the authorities are still supportive of investments i…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Digital Core Reit Q1 distributable income slips 2.4% to US$10.6 million
Hong Kong Stock Exchange bids farewell to first woman chair
Toymaker Hasbro posts quarterly profit beat, slower sales decline
CapitaLand India Trust Q1 net property income up 19%
Hilton lifts 2024 profit forecast on international travel demand
Asia stocks rise on Wednesday amid Wall Street rally; STI up 0.6%