JAKARTA -- Indonesian conglomerate Sinar Mas Group has purchased a 9.9% interest in Saxo Bank, a Danish bank specializing in online trading, for 951 million kroner ($143 million).
Saxo said Friday that co-founders Kim Fournais and Lars Seier Christensen sold a combined 7% stake, with the rest coming from minority shareholders. The founders will continue to hold more than half of the bank's shares, it added.
