April 14, 2016 / 4:21 PM / 3 years ago

BRIEF-ING Groep to sell remaining shares in NN Group

April 14 (Reuters) - ING Groep NV :

* ING to sell remaining shares in NN Group

* To sell its remaining 45.7 million ordinary shares in NN Group

* Ordinary shares will be sold by way of an accelerated book building offering to institutional investors

* Sale of ING’s 14.1 pct stake is final transaction in ING’s programme to divest all of its insurance and investment management businesses

* Offer price will be determined at conclusion of book building process

* Book is open with immediate effect and is expected to close ultimately by 17:30 CET on April 15, 2016

* Credit Suisse, ING Bank, JP Morgan and UBS are acting as joint global coordinators for offering

* Transaction is expected to settle on April 19, 2016 Source text for Eikon: Further company coverage: (Gdynia Newsroom:)

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