NN Group completes sale of its stake in ING-BOB Life to BNP Paribas Cardif
(Thomson Reuters ONE) -
NN Group announced today that it has completed the sale of its 50% stake in its
Chinese insurance joint venture ING-BOB Life Insurance Company to BNP Paribas
Cardif.
The transaction, which was previously announced by ING Group on 8 July 2013,
does not have a material impact on NN Group results.
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Daphne Andriesse Investor Relations
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NN Group profile
NN Group is an insurance and investment management company with a strong,
predominantly European presence in more than 18 countries. With around 12,000
employees the group offers retirement services, insurance, investments and
banking to more than 15 million customers. NN Group includes Nationale-
Nederlanden, ING Insurance Europe, ING Investment Management and ING Life Japan
and is listed on Euronext Amsterdam (NN).
Important legal information
NN Group's Annual Accounts are prepared in accordance with International
Financial Reporting Standards as adopted by the European Union ("IFRS-EU").In
preparing the financial information in this document, the same accounting
principles are applied as in the NN Group N.V. condensed consolidated interim
financial information for the period ended 30 June 2014. All figures in this
document are unaudited. Small differences are possible in the tables due to
rounding. Certain of the statements contained 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 NN Group'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 the EC Restructuring Plan, (5)
changes in the availability of, and costs associated with, sources of liquidity
as well as conditions in the credit markets generally, (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 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 and
financial strength ratings, (18) NN Group's ability to achieve projected
operational synergies and (19) the other risks and uncertainties detailed in the
Risk Factors section contained in recent public disclosures made by NN Group
and/or related to NN Group (such as the most recent annual report of ING Groep
N.V.). Any forward-looking statements made by or on behalf of NN Group speak
only as of the date they are made, and, NN Group 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.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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: NN Group NV via GlobeNewswire
[HUG#1883922]
Unternehmensinformation / Kurzprofil:
Datum: 30.12.2014 - 18:00 Uhr
Sprache: Deutsch
News-ID 361810
Anzahl Zeichen: 4918
contact information:
Town:
Amsterdam
Kategorie:
Business News
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