BinckBank: Saxo making 'good progress' on offer

(CercleFinance.com) - BinckBank and Saxo Bank said on Monday that they are making "good progress" in their planned merger.


Saxo expects to submit a request for approval of its offer on BinckBank to the Netherlands Authority for the Financial Markets (AFM) in early February 2019.

As a reminder, in December Saxo launched a recommended public offer on BinckBank at a price of 6.35 euros per share in cash.

BinckBank and Saxo Bank expect that the offer will close at the end of the second quarter, or in the first half of the third quarter of 2019.

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