- ING Groep (ING) has raised $974M after selling 33M in its U.S. insurance unit at $29.50 each.
- The sale lowers ING's holding in ING U.S. (VOYA) to 59% from 71%.
- ING is selling down its holdings in its U.S. subsidiary, which will be renamed Voya Financial, as part of the terms of a bailout it received during the financial crisis. ING has until the end of 2016 to sell the rest of its shares.
From other sites
Video at CNBC.com (Mar 25, 2015)
Video at CNBC.com (Feb 17, 2015)
Video at CNBC.com (Dec 17, 2014)
at CNBC.com (Nov 11, 2014)
at CNBC.com (Nov 4, 2014)
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