Ing Groep sells remaining 10 pct stake in SulAmerica

Friday, 27 Jun 2014 04:03pm EDT 

Ing Groep NV:Remaining 10 pct stake in SulAmerica SA sold through block trade on BM&F BOVESPA stock exchange.Transaction completes divestment of company's stake in SulAmerica.Trade closed at 15.31 Brazilian reias per unit.Proceeds of about 170 mln euros in cash generated by sale.Proceeds to be used for reduction of company's core debt.Transaction expected to be settled on July 2. 

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