ING completes sale of Taiwanese asset management business
April 18 2014 - 12:29AM
ING has completed the sale of ING Investment
Management Taiwan, its Taiwanese asset management business, to
Japan-based Nomura Asset Management in partnership with a group of
investors. The transaction, which was announced on 10 January 2014,
is in line with ING's earlier announced strategy to divest its
insurance and investment management businesses. The transaction
does not have a material impact on ING Group results.
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ING PROFILE |
ING is a global
financial institution of Dutch origin offering services through its
operating companies ING Bank and NN Group. The purpose of
ING Bank is empowering people to
stay a step ahead in life and in business. ING Bank's more than
63,000 employees offer retail and commercial banking services to
customers on in over 40 countries. ING's subsidiary NN Group is a leading insurance and investment
company active in 18 countries, predominantly in Europe and Japan,
with more than 12,000 employees. NN Group is preparing to become an
independent, stand-alone company, separate from
ING.
ING Group shares are listed (in the form of depositary receipts) on
the exchanges of Amsterdam (INGA NA/ING.AS), Brussels and on the
New York Stock Exchange (ADRs: ING US/ING.N). Sustainability forms
an integral part of ING's corporate strategy, which is evidenced by
ING shares being included in the Dow Jones Sustainability Index
(Europe and World), the FTS4Good index and the Euronext Vigeo
Europe 120 index. |
IMPORTANT LEGAL INFORMATION |
Certain of the
statements contained in this document are not historical facts,
including, without limitation, certain statements made of future
expectations and other forward-looking statements that are based on
management's current views and assumptions and involve known and
unknown risks and uncertainties that could cause actual results,
performance or events to differ materially from those expressed or
implied in such statements. Actual results, performance or events
may differ materially from those in such statements due to, without
limitation: (1) changes in general economic conditions, in
particular economic conditions in ING's core markets, (2) changes
in performance of financial markets, including developing markets,
(3) consequences of a potential (partial) break-up of the euro, (4)
the implementation of ING's restructuring plan to separate banking
and insurance operations, (5) changes in the availability of, and
costs associated with, sources of liquidity such as interbank
funding, as well as conditions in the credit markets generally,
including changes in borrower and counterparty creditworthiness,
(6) the frequency and severity of insured loss events, (7) changes
affecting mortality and morbidity levels and trends, (8) changes
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changes in investor, customer and policyholder behaviour, (12)
changes in general competitive factors, (13) changes in laws and
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accounting assumptions and methodologies, (16) changes in ownership
that could affect the future availability to us of net operating
loss, net capital and built-in loss carry forwards, (17) changes in
credit-ratings, (18) ING's ability to achieve projected operational
synergies and (19) the other risks and uncertainties detailed in
the risk factors section contained in the most recent annual report
of ING Groep N.V.
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only as of the date they are made, and, ING assumes no obligation
to publicly update or revise any forward-looking statements,
whether as a result of new information or for any other reason.
This document does not constitute an offer to sell, or a
solicitation of an offer to buy, any securities. |
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Source: ING Group via Globenewswire
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