Deals
Safra Sarasin Is Said to Explore Deal for Denmark’s Saxo Bank
A J. Safra Sarasin branch in Zurich, Switzerland.
Photographer: Fabrice Coffrini/AFP/Getty ImagesThis article is for subscribers only.
Bank J. Safra Sarasin is exploring a potential acquisition of Denmark’s Saxo Bank A/S, according to people familiar with the matter.
The Swiss bank has been holding talks with Saxo Bank about a possible transaction, the people said, asking not to be identified because talks are private. Some other suitors have dropped out of the bidding after failing to reach an agreement, according to the people.