Danish Saxo Bank plans to acquire Dutch online broker BinckBank

Danish online investment and trading service company Saxo Bank has put forward an all-cash public offer for Dutch online discount broker BinckBank, in a €424m deal that was reported by the Financial Times. Saxo Bank, a fully licensed and regulated bank in many jurisdictions, provides a wide range of investment and trading-related services to retail, institutional and financial services clients all around the globe as noted by Business Insider.

BinckBank, founded in 2000, is an independent online bank for investments and savings, and it operates primarily in Central Europe. BinckBank also offers discretionary asset management services in the Netherlands. BinckBank operates under the Binck and Alex brands.

In mid-February 2018, BinckBank formed a partnership, branded as Binck Sparen, with German-based deposit marketplace Raisin. 1)BinckBank N.V. (2018). “Algemene vergadering“. 24.4.2018

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