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Saxo.com sold to JP/Politikens Hus


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Details

Saxo.com, Denmark's largest online bookshop, is taken over by JP/Politikens Hus which has owned 30% of the company since 2009.

Promoter and CEO Jørgen Balle Olesen and co-owner Kim Holmgaard sell their respective shares of 63% and 7% of Saxo.com.

Saxo.com employs 50 people serving half a million active customers and has a revenue of DKK 300m.

Saxo.com values the transaction, which is subject to competition authority approval, at approx. DKK 190m.

Mads Ilum and Ludvig Holsteinborg advised Saxo.com.


Contact

Mads Ilum
Mads Ilum

Partner, Attorney-at-Law, LL.M.

Mobile: +45 3078 6726
mads.ilum@accura.dk