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ING Groep N.V.

ING Groep N.V.

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Publicatie datum 18 mrt 2014 - 19:00
Statutaire naam ING Groep N.V.
Titel ING announces size of planned sale of shares in ING U.S.
Bericht ING Group announced today that it plans to sell approximately 33.5 million shares of common stock of ING U.S., Inc., representing a stake of approximately 12% in its U.S.-based retirement, investment and insurance subsidiary. ING Group intends to use the proceeds of the planned transaction for the reduction of ING Group core debt. “With this planned sale, we deliver on our agreement with the European Commission to further reduce our stake in ING U.S.in 2014 and accomplish another important milestone in the restructuring of ING Group while receiving proceeds to further reduce ING Group core debt,” said Ralph Hamers, CEO of ING Group.