New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 18, 2012
05:40 EDTINGING Group upgraded to Buy from Neutral at Citigroup
Citigroup upgraded ING Group citing the recent pullback in shares.
News For ING From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
September 30, 2015
16:34 EDTINGING Groep reduces stake in NN Group to 25.8%
NN Group announces that ING Group has agreed to sell 40M shares of NN Group at a price of EUR 25.00 per share. The transaction reduces ING Group's stake in NN Group from 37.1% to 25.8% of outstanding shares. NN Group will not receive any proceeds from the offering. The shares were offered by way of an accelerated book building offering to institutional investors. As part of this transaction, NN Group repurchased 6.0M ordinary shares from ING Group at EUR 25.00 per share for a total amount of EUR 150M. NN Group will fund the share repurchase from the cash capital position at the holding company. The impact on the solvency ratios of NN Group is expected to be immaterial. NN Group intends to cancel all or part of the repurchased shares in due course. As of the settlement of the transaction, the remaining shares in NN Group held by ING Group will be subject to a lock-up period of 90 days. The transaction is expected to settle on October 5.

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use