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BRIEF-China's Zhejiang Geely Takes Control Of Denmark's Saxo Bank

Sept 14 (Reuters) - SAXO BANK SAYS:

* CHINA'S ZHEJIANG GEELY HOLDING GROUP AND SAMPO PLC OF FINLAND GET ALL NECESSARY REGULATORY APPROVALS TO TAKE CONTROL OF DENMARK'S SAXO BANK

* DANIEL DONGHUI LI HAS BEEN ELECTED CHAIRMAN OF SAXO

* IN OCTOBER 2017, SAXO SHAREHOLDERS RECEIVED AN OFFER FROM GEELY TO ACQUIRE A MAJORITY STAKE IN SAXO BANK

* AT THE SAME TIME, SAMPO MADE AN OFFER TO ACQUIRE A 19.9 PERCENT INTEREST IN THE BANK

* THE CLOSING OF THE TRANSACTIONS MEANS THAT TPG CAPITAL, LARS SEIER CHRISTENSEN AND SINARMAS SELL THEIR INTERESTS IN SAXO BANK AMOUNTING TO 29.26 PERCENT, 25.71 PERCENT AND 9.9 PERCENT, RESPECTIVELY

* CEO AND FOUNDER KIM FOURNAIS’ SHARE OF 25.71 PERCENT OF THE BANK REMAINS UNCHANGED

* THE TRANSACTION VALUES SAXO BANK AT EUR 1.325 BILLION

* "WE BELIEVE THAT SAXO BANK'S TECHNOLOGIES AND PRODUCTS CAN BE EFFECTIVELY EXPANDED ACROSS ASIA, WHERE WE HOPE TO BUILD ON ITS STRONG REPUTATION IN GLOBAL FINANCIAL AND REGULATORY TECHNOLOGY. THIS IS EXPECTED TO GENERATE SYNERGIES FROM THE DEVELOPMENT OF FINANCIAL SERVICES IN THE CHINESE MARKET," SAID DANIEL DONGHUI LI, CHIEF FINANCIAL OFFICER AND EXECUTIVE VICE PRESIDENT OF GEELY HOLDING GROUP FURTHER COMPANY COVERAGE: (Reporting by Jacob Gronholt-Pedersen)