Bank J. Safra Sarasin is reportedly exploring a takeover of the Danish Saxo Bank. According to Bloomberg, the Swiss bank has held discussions with Saxo regarding the potential acquisition earlier this week.

Other interested parties had withdrawn from the bidding process after no agreement could be reached. Representatives of J. Safra Sarasin and Saxo Bank declined to comment.

On Offer Since July

In July, Saxo Bank announced that it had commissioned Goldman Sachs Group to find interested parties. The company's main shareholders include Geely Holding Group, which holds nearly 50 percent, along with Finnish Mandatum Oyj and founder Kim Fournais. According to an earlier report by Bloomberg, Interactive Brokers Group and a consortium of Altor Equity Partners and Centerbridge Partners were among the suitors that originally showed interest in Saxo.

Founded in 1992, Saxo had around 109 billion euros in client assets on its trading platform at the end of June last year.