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Thursday, November 13, 2014

BRIEF-ING Groep sells stake in Voya Financial for $1.4 bln, (NYSE: ING)

ING Groep Nv * ING sells 34.5 million Voya shares for total proceeds of $1.4 billion* ING Group has sold approximately 30 million Voya shares at a price of $39.15 per share in public offering* In addition ING Group has sold to Voya approximately 4.5 million shares for an aggregate amount of $175 million* Transactions are expected to settle on 18 november 2014

ING Groep N.V. (ING), is a global financial institution offering banking, investments, life insurance and retirement services to meet the needs of the customers. Shares of ING remained unchanged at $13.74. In the past year, the shares have traded as low as $12.26 and as high as $15.02. On average, 2267760 shares of ING exchange hands on a given day and today's volume is recorded at 8707.