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Ing Groep NV completes 1.125 billion euro pre-IPO investment into NN Group NV


Friday, 16 May 2014 03:36am EDT 

Ing Groep NV (ING):CompleteS the issuance of 1.125 billion euro in subordinated notes that will, in line with the completion of the intended IPO of NN Group, be exchanged into NN Group shares.Says the transaction represents an important investment into NN Group NV ahead of the intended IPO of ING's European and Japanese insurance and investment management activities.Announces that ING is preparing NN Group NV for a base case IPO.Says preparations are on track for a transaction in 2014, depending on market circumstances, and any further announcements will be made as and when appropriate. 

Company Quote

13.81
0.07 +0.51%
29 Aug 2014