London 23 April 2001 - EO (www.eo.net), the Pan-European new issue
distribution platform for retail investors, today announces it has
partnership agreement with Fineco, Italy's largest online broker.
According to the terms of the agreement, EO will make available all
European equity offerings to Fineco, which will operate as EO's selling
agent to its significant retail customer base in Italy.
This partnership significantly expands EO's audience of online retail
investors across Europe whilst providing Italian retail investors with
access to pan-European IPOs.
Commenting on the agreement, Leigh Burdick, Managing Director of EO plc,
"We are delighted to announce this partnership agreement with Fineco,
increases EO's reach to retail investors across Europe. EO has built an
extensive online distribution channel for new issue offerings in Europe
is the natural partner for pan-European investment banks."
Alessandro Foti, Managing Director of Fineco, said;
"Fineco is committed to providing Italian retail investors with as wide
choice of investment opportunities as possible. This agreement allows
customers to access a greater number of European IPOs and will enable
investors to participate on a larger scale in cross border equity
Managing Director, EO plc
Tel: +44 20 7725 4906
Country Manager, EO Italia
Tel: + 39 02 7601 7334
Managing Director, Fineco
Tel: + 39 02 8887 2365
Tel:+44 20 7251 3801
Notes to editors
* EO plc, which is regulated by the SFA, is an on-line
distribution platform. EO works in partnership with investment banks
venture capital firms to distribute equity product to retail investors
* EO acquired EPO.com in February 2001. Through its
and partnership arrangements, EO now reaches an audience of almost 20
million online users throughout the UK and Europe.
* Distribution partners include:
Online brokers: Charles Schwab Europe, Barclays
Stockbrokers, Sharepeople, Stockacademy, Stocktrade
Portals: Yahoo!, GlobalNetFinancial.com, Tiscali
Retail investment sites: ADVFN and moneyextra.com
Other: OM Stockholm Stock Exchange
* EO has established a joint venture with more-IPO.de in
Germany, through which EO's reach encompasses users of both web.de and
freenet.de. EO also has a partnership with online IPO provider
EuropeOffering.com in France.
* EO has established partnerships with UBS Warburg and
Co. Under the terms of these partnerships, the investment banks will
appropriate equity product offerings available to retail investors via
* EO also benefits from exclusive deal flow from its
shareholder NewMedia SPARK, Europe's leading quoted early stage
* EO now has operations in UK, Italy, Germany, France,
* Investors should register free and without obligation at
* Fineco was established in Italy in January 1999 by the
Group (one of Italy's largest banking groups) with the objective of
providing a financial brokerage and information service of the highest
quality on a 24/7 basis, filling a gap in the Italian market
* It has since been the most innovative player in the
online financial industry. In Spring 1999 Fineco launched the first
discounted brokerage fee program in Italy, cutting brokerage fees for
first time in Italy.
* Fineco was the first Italian online broker to offer
on four key world stock markets: France (CAC40), Germany (DAX) and
in September 1999. In November of the same year Fineco launched a high
interest account, Bankup, offering a 3.5% interest remuneration (now at
and in January 2000, it was the first broker in the world to offer a
trading service via mobile phone (Fineco Moving) in cooperation with
the Italian largest mobile operator.
* Currently, Fineco has the largest online account base in
Italy and represents 15% of the share volumes traded on the Italian
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