December 29, 2017 / 12:22 PM / in 5 months

BRIEF-ING Says Now Holds 13-percent Stake in Bank of Beijing

Dec 29 (Reuters) - ING GROEP NV:

* ‍ING COMPLETES PARTICIPATION IN BANK OF BEIJING SHARE OFFERING​

* ‍MAINTAINS ITS POSITION AS LARGEST SHAREHOLDER IN BOB WITH STAKE OF 13.0%, DOWN FROM 13.6%​

* PARTICIPATION IN OFFERING FOR AN AGGREGATE AMOUNT OF RMB 1.89 BILLION (AROUND EUR 240 MILLION) REPRESENTING 265 MILLION SHARES

* ‍ING’S PARTICIPATION IN PRIVATE PLACEMENT DOES NOT HAVE MATERIAL IMPACT ON ING’S PROFIT AND LOSS ACCOUNT​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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