Reuters is reporting that Copenhagen based Retail FX and CFDs broker Saxo Bank has invited investment banks to pitch for a role in helping to sell the company. It is expected that a sale process will begin later this year, depending on overall market (and company) conditions. Reuters quoted people familiar with the matter as saying that a sale could value Saxo Bank at about €1.5 to €2 billion (USD $1.6 billion to $2.1 billion), although that figure is estimated and of course preliminary. The discussions at this stage range between pursuing an outright sale of the company, to the sale of a minority stake in Saxo Bank ... (full story)