Seeking Alpha

ING does about-face on Voya share-sale

  • An earlier report of ING being set to sell a chunk of its stake in ING U.S. (VOYA +0.2%) is erroneous as the Dutch bank says the announcement was the result of an error. Nevertheless, ING's intention to sell its shares in the U.S. unit is "common knowledge" says an ING spokesman.
  • ING currently owns 147.8M or 57% of the VOYA.
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