BinckBank: wins regulatory approvals for merger with Saxo
(CercleFinance.com) - BinckBank and Saxo Bank said they have obtained all regulatory clearances required to close their merger, including a declaration of no objection from the European Central Bank (ECB).
The two firms said they have also received the approval from the Dutch Central Bank on the appointment of new members to BinckBank's supervisory board; and the approval on related changes in the Dutch broker's co-policymakers.
Shareholders can continue to tender their BinckBank shares to Saxo's offer until the closing date, which has been set on 31 July, the companies said.
BinckBank said last week that the the merger was expected to be completed during the first half of the third quarter 2019.
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The two firms said they have also received the approval from the Dutch Central Bank on the appointment of new members to BinckBank's supervisory board; and the approval on related changes in the Dutch broker's co-policymakers.
Shareholders can continue to tender their BinckBank shares to Saxo's offer until the closing date, which has been set on 31 July, the companies said.
BinckBank said last week that the the merger was expected to be completed during the first half of the third quarter 2019.
Copyright (c) 2019 CercleFinance.com. All rights reserved.