ING To Split Banking, Insurance Groups
The Amsterdam-based financial institution will now focus mainly on banking in Europe “with selective growth options elsewhere,” the company said in a statement.
The divestment of the insurance operations will be done through initial public offerings, sales or a combination of both.
“Splitting the company is not a decision we took lightly,” said Jan Hommen, CEO of ING.
“ING has a proud history as...
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