ING upsizes sale of ING U.S. stake

|About: ING Groep N.V. (ING)|By:, SA News Editor

ING is no longer majority owner of ING U.S. (VOYA) after its sale of about 37.76M shares, including 7.26M shares repurchased by VOYA, takes its stake down to roughly 43%. The amount sold was upsized from an originally expected 33.76M shares.

"In light of the changes to the composition of the ING U.S. board of directors resulting from ING Group ceasing to be a majority stockholder of ING U.S," the annual meeting set for May 28 has been postponed. A new date will be announced in the future.