ING Groep NV announces settlement of NN Group NV IPO

Monday, 7 Jul 2014 03:51am EDT 

NN Group NV:Says the Initial Public Offering of the company has been settled.Says as a result of the settlement, ING Groep NV (ING) has received 2.0 billion euros in gross proceeds from the sale of 77 million existing ordinary shares in NN Groep NV and the exchange into NN Group NV ordinary shares of 450 million euros in mandatorily exchangeable notes.Says that consequently, ING's ownership of NN Groep NV has been reduced to 71.4 per cent.Says that NN Groep NV shares were listed and started trading on Euronext Amsterdam (on an if-and-when-delivered basis) on July 2.Says that the shares are traded unconditionally under the listing name "NN Group" and the symbol "NN". 

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26 May 2015