ING Groep NV News

ING Gains on Plan to Cut Voya Stake with $1.2 Billion Share Sale

ING Groep NV, the biggest Dutch bank, gained in Amsterdam trading after it said it will reduce its stake in a former U.S. insurance unit, Voya Financial Inc., to about 32 percent by selling about $1.2 billion of shares. ING …

ING Said to Price Insurance Unit at Midrange in $1.9 Billion IPO

ING Groep NV, the biggest Dutch financial-services company, is likely to price the initial public offering of its European insurance arm at €20 [$27.38], in the middle of its original price range, according to a person with knowledge of the …

ING Seeks as Much as $2.1 Billion from NN Insurance Offering

ING Groep NV, the biggest Dutch financial-services company, is seeking as much as €1.54 billion ($2.1 billion) in the first and what may be only public offering of its European insurance unit. The firm plans to offer 70 million shares …

ING to Sell Shares in NN Insurance Unit as Soon as July

ING Groep NV, the biggest Dutch financial services company, confirmed its plans, first made public last week, to sell shares of its European insurance unit in an initial public offering, which it has now announced could take place as early …

ING to End Majority Stake in U.S. Business in $1.2 Billion Sale

ING Groep NV, the biggest Dutch financial-services company, will end its majority stake in its U.S. insurance unit with another share sale as it winds down ownership of the business. The parent plans to sell 26.5 million shares of ING …

Swiss Re to Buy Stake in Brazil’s Sul America

Swiss Re Ltd., the world’s second- largest reinsurer, agreed to buy an 11 percent stake in Sul America SA from ING Groep NV to expand in Brazil. The reinsurer will also purchase a 3.8 percent holding in Rio de Janeiro-based …

ING to Speed up Reorganization after Revised Deal with EU

ING Groep NV, the biggest Dutch financial-services company, will complete its reorganization two years earlier than planned after winning regulators’ permission to combine its Japanese insurance unit with European operations in a 2014 initial public offering. Under its agreement with …

ING Sells South Korean Insurance Unit to Asian Buyout Firm MBK

ING Groep NV sold its South Korean insurance unit on its second attempt within a year, raising about 1.84 trillion won ($1.7 billion) from MBK Partners Ltd., the Asian buyout firm formed by ex-Carlyle Group executives. MBK will pay the …

ING to Sell 3 Asia Joint Ventures Separately from Other Assets

ING Groep NV is planning to sell its three Asian insurance joint ventures separately from its other Asia assets so that the overall sale is not held up by negotiations with partners, two sources with direct knowledge of the situation …

Korea Life Considers Bid for ING’s Asia Insurance Business

Korea Life Insurance Co. Ltd said on Thursday that it is reviewing the feasibility of bidding for ING Groep NV’s Asia-Pacific insurance operations. The potential $6 billion deal is also expected to attract the interest of major overseas and local …