LONDON May 7 Dividends will "feature
prominently" in the stock market listing of ING 's
insurance arm, the chief financial officer of the Dutch group
said on Wednesday.
"We are in the process of preparing for the IPO (initial
public offering), it's fair to say that dividends will feature
prominently in the IPO and equity story," Patrick Flynn told
analyts on a conference call.
Earlier, ING said it had secured regulatory approval for the
IPO, which is expected to happen later this year and marks the
last major restructuring for ING in the aftermath of the
The group is putting 850 million euros ($1.18 billion)of
capital into the insurer, and anchor investors have committed
1.275 billion euros.
($1 = 0.7177 euros)
(Reporting By Laura Noonan; Editing by Steve Slater)