BRIEF-ING, Dutch State complete agreement for unwinding IABF

AMSTERDAM Tue Dec 17, 2013 2:10am EST

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AMSTERDAM Dec 17 (Reuters) - ING Groep NV : * ING and Dutch State complete agreement for unwinding of IABF * Says IABF in its original form is now terminated and all regular guarantee fee payments have been settled * Says Dutch State has started process to divest the securities in the IABF-portfolio * Announcements on auction process or actual transactions will be made by the Dutch State treasury agency. * Says proceeds will be used to pay off remaining loan from ING and are expected to leave direct cash profit for the State

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