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US online broker E*TRADE has sold the German branch of its UK subsidiary to biw Bank für Investments und Wertpapiere AG. A team from CMS Hasche Sigle led by lead partner Dr Joachim Natterer advised E*TRADE FINANCIAL Corporation and E*TRADE Securities Limited on all aspects of the transaction. Integration is expected to be completed in the first quarter of the coming year. biw Bank was already responsible for processing E*TRADE transactions in Germany. Financial details of the deal were not disclosed. Advisers CMS Hasche Sigle: Dr Joachim Natterer, Corporate (Lead Partner) Dr Jörg Zätzsch, Corporate Dr Michael Bauer, Competition Dr Thomas Barthel, Employment Law Kati Meister, Corporate
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