December 3, 2009 - Assignment

E*TRADE International divests its Nordic business to Saxo Bank

Mannheimer Swartling has advised E*TRADE International in relation to the divestment of its Nordic business to Saxo Bank.

E*TRADE International is a wholly-owned subsidiary of E*TRADE Financial Corporation, headquartered in New York and listed on NASDAQ. E*TRADE International’s Nordic business markets and manages securities and has assets under management of more than SEK six billion for approximately 50,000 customers. Saxo Bank, a privately owned investment bank with headquarters in Copenhagen, conducts its business in a number of European and Asian countries.

Mannheimer Swartling’s practice groups for banking and finance, mergers and acquisitions, and employment and pensions have been involved in the transaction, with Henric Diefke and Martin Ericsson as partners responsible for the matter, assisted by Johan Häger, Johan Bergman and Bita Pourmotamed.