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ING Groep N.V. — M&A Activity 2007
Jul 2, 2007
3854_iss_2007-07-02_a276768b-caed-482b-b707-2ed8d3bb2be6.pdf
M&A Activity
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Amsterdam • 2 July 2007
ING closes sale of Regio Bank to SNS REAAL
ING announced today that on 1 July 2007, it has closed the sale of Regio Bank to SNS REAAL.
As previously announced on the 14 May 2007, the transaction results in a net profit of about EUR 25 million for ING Group and an increase of 3 basis points on the Tier-1 ratio of ING Bank N.V.
Press enquiries: ING Group Nanne Bos, +31 (0) 20 541 6516, [email protected]
ING is a global financial institution of Dutch origin offering banking, insurance and asset management to over 60 million private, corporate and institutional clients in over 50 countries. With a diverse workforce of about 120,000 people, ING comprises a broad spectrum of prominent companies that increasingly serve their clients under the ING brand.