ING provides update on evaluation process ING REIM
(Thomson Reuters ONE) -
As previously announced, ING is conducting an evaluation of the position of ING
Real Estate Investment Management within the Banking business. Within the
context of this evaluation, ING today confirms that it is in discussions with
several parties on a possible sale of parts of the ING Real Estate Investment
Management businesses.
These contacts may or may not lead to one or more transactions. Any speculation
on scope, pricing and conditions of possible transactions would be premature.
Any further announcement on this matter will be made if and when appropriate.
Press enquiries Investor Inquiries
Victorina de Boer Alexander Mollerus
+31 20 541 5469 +31 20 541 6482
Victorina.de.Boer(at)ing.com Alexander.Mollerus(at)ing.com
About ING
ING is a global financial institution of Dutch origin offering banking,
investments, life insurance and retirement services. As of 30 September 2010,
ING served more than 85 million private, corporate and institutional clients in
more than 40 countries. With a diverse workforce of about 105,000 people, ING is
dedicated to setting the standard in helping our clients manage their financial
future.
Important Legal Information
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
ING's core markets, (2) changes in performance of financial markets, including
developing markets, (3) the implementation of ING's restructuring plan to
separate banking and insurance operations, (4) 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, (5) the frequency and severity of
insured loss events, (6) changes affecting mortality and morbidity levels and
trends, (7) changes affecting persistency levels, (8) changes affecting interest
rate levels, (9) changes affecting currency exchange rates, (10) changes in
general competitive factors, (11) changes in laws and regulations, (12) changes
in the policies of governments and/or regulatory authorities, (13) conclusions
with regard to purchase accounting assumptions and methodologies, (14) changes
in ownership that could affect the future availability to us of net operating
loss, net capital and built-in loss carry forwards, (15) ING's ability to
achieve projected operational synergies, (16) reporting the US Legacy VA
business as a separate business line, and (17) implementation of fair value
accounting for Guaranteed Minimum Withdrawal Benefits for the US insurance
businesses. 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.
pdf version of press release:
http://hugin.info/130668/R/1480211/415768.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#1480211]
Unternehmensinformation / Kurzprofil:
Datum: 17.01.2011 - 13:41 Uhr
Sprache: Deutsch
News-ID 50502
Anzahl Zeichen: 4376
contact information:
Town:
Amsterdam
Kategorie:
Business News
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"ING provides update on evaluation process ING REIM"
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