Sampo Oyj (HLSE:SAMPO) and Geely Financials Denmark A/S made an offer to acquire 41.4% stake in Saxo Bank A/S from TPG Capital, L.P., PT Sinar Mas Group, General Atlantic Service Company, L.P. and others on October 2, 2017. As per the terms of the transaction, Sampo Oyj will acquire 19.9% stake for approximately €270 million and Geely Financials Denmark A/S will acquire 21.5% stake. In May 2017, Geely Financials Denmark A/S made an offer to acquire 30% stake in Saxo Bank A/S and along with the 19.9% stake deal will increase its stake and become majority shareholder with a total of 51.5% stake. TPG Capital, L.P. and PT Sinar Mas Group will sell 100% of their shares of 29.26% and 9.9% respectively. Co-founder and Chief Executive officer, Kim Fournais’ stake of 25.71% will remain unchanged after the transaction. The transaction is subject to regulatory approval. As on April 12, 2018, the transaction was approved by Denmark’s Financial Services Authority. Geely Financials Denmark's acquisition of Saxo Bank A/S was approved by the European Commission on April 24, 2018. The transaction is expected to be finalized in first half of 2018. Rothschild & Co SCA acted as a financial advisor for Geely Financials Denmark A/S. Sampo Oyj (HLSE:SAMPO) and Geely Financials Denmark A/S completed the acquisition of 41.4% stake in Saxo Bank A/S from TPG Capital, L.P., PT Sinar Mas Group, General Atlantic Service Company, L.P. and others on September 14, 2018. The parties of the transaction have now received all the regulatory approvals required.