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BRIEF-ING to sell 11.3 pct stake in SulAmérica to Swiss Re
November 18, 2013 / 9:27 PM / 4 years ago

BRIEF-ING to sell 11.3 pct stake in SulAmérica to Swiss Re

AMSTERDAM, Nov 18 (Reuters) - ING Groep NV : * Says ing agrees to sell 11.3% direct stake in sulamérica to Swiss re * Ing - will sell approximately 37.7 million sulamérica units for a total cash

consideration of approximately EUR 185 million * Ing -the transaction is expected to result in a net gain to ing of

approximately EUR 100 million at closing * Says ing intends to use the proceeds of this transaction to reduce ing group

core debt.

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