|
|
Article: E*TRADE FINANCIAL Corporation Increases Equity Stake in E*TRADE Korea.
- Article from:
- PR Newswire
- Article date:
- June 15, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Advances Company's International Partnership Strategy
E*TRADE FINANCIAL Corporation today announced that the Company has increased its equity stake in E*TRADE Korea Co., Ltd., while renegotiating its licensing agreement to better serve both parties. The agreement advances E*TRADE FINANCIAL's international partnership strategy -- which includes branded operations in nine international locations including E*TRADE Australia and E*TRADE Japan. Following the transaction, E*TRADE FINANCIAL's holding in E*TRADE Korea will increase from 10% to 13%. The deal was effective Friday, June 11.
Under the prior licensing arrangement, E*TRADE FINANCIAL had the ...