ING U.S. files update of IPO registration statement
(Thomson Reuters ONE) -
ING announced today that ING U.S., Inc., its U.S.-based retirement, investment
and insurance business, has filed an update of its registration statement with
the U.S. Securities and Exchange Commission (SEC) in connection with its
proposed Initial Public Offering (IPO). The amendment includes full-year 2012 US
GAAP results, as well as targets which ING U.S. has formulated for its return on
equity and return on capital measures through 2016.
ING has previously announced it is divesting its insurance and investment
management businesses as part of a restructuring programme agreed with the
European Commission. While all options for divestment remain open, the base case
for the divestment of ING U.S. is through an IPO. In this context, ING U.S.
filed an initial registration statement with the SEC in November 2012 and an
amendment to that registration statement in January 2013.
Today's amended registration statement may be obtained by visiting the SEC
website at www.sec.gov. The registration statement has not yet become effective.
The securities to which it relates may not be sold nor may offers to buy be
accepted prior to the time the registration statement becomes effective. This
press release shall not constitute an offer to sell or the solicitation of an
offer to buy, any securities, nor shall there be any offer, solicitation or sale
of any securities in any state in which such offer, solicitation or sale would
be unlawful prior to registration or qualification under the securities laws of
any such state.
Press enquiries Investor enquiries
Victorina de Boer Investor Relations
+31 20 57 66373 +31 20 57 66396
VIctorina.de.Boer(at)ing.com Investor.Relations(at)ing.com
ING PROFILE
ING is a global financial institution of Dutch origin, offering banking,
investments, life insurance and retirement services to meet the needs of a broad
customer base. Going forward, we will concentrate on our position as an
international retail, direct and commercial bank, while creating an optimal base
for an independent future for our insurance and investment management operations
IMPORTANT LEGAL INFORMATION
Certain of the statements contained or referenced herein 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 affecting persistency levels, (9)
changes affecting interest rate levels, (10) changes affecting currency exchange
rates, (11) changes in investor, customer and policyholder behaviour, (12)
changes in general competitive factors, (13) changes in laws and regulations,
(14) changes in the policies of governments and/or regulatory authorities, (15)
conclusions with regard to purchase 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. Any forward-looking
statements made by or on behalf of ING speak 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.
pdf version of press release:
http://hugin.info/130668/R/1686343/552735.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ING Group via Thomson Reuters ONE
[HUG#1686343]
Unternehmensinformation / Kurzprofil:
Datum: 19.03.2013 - 21:57 Uhr
Sprache: Deutsch
News-ID 241147
Anzahl Zeichen: 5732
contact information:
Town:
Amsterdam
Kategorie:
Business News
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