ING Groep N.V.
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Publicatie datum
05 jan 2016 - 17:44
Statutaire naam
ING Groep N.V.
Titel
ING to sell 33 million shares in NN Group
Bericht
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES,
AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION IN WHICH IT WOULD BE UNLAWFUL TO DO SO.
ING announced today its intention to sell 33 million ordinary shares in NN Group. The ordinary shares will be sold by way of an accelerated book building offering to institutional investors. As part of the transaction, NN Group has stated its intention to repurchase NN Group ordinary shares from ING Group for an aggregate amount of EUR 250 million. Following a successful completion of the transaction, ING Group's stake in NN Group's outstanding capital is expected to decrease to 16.2% from its current 25.8%.
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