ING to terminate contract with Renault F1 with immediate effect
(Thomson Reuters ONE) - ING announced today that in light of the verdict of the World MotorSport Council of 21 September 2009 concerning the events thatoccurred at the 2008 Singapore Grand Prix, ING will terminate thecontract with Renault Formula 1 with immediate effect.ING is deeply disappointed at this turn of events, especially in thecontext of an otherwise successful sponsorship. As announced on 16February of this year, ING decided not to renew the three yearsponsorship (2007-2009) contract with Renault F1 and to end itspresence in Formula 1 after the 2009 season.Press enquiriesAnneloes Geldermans+31 20 541 6526anneloes.geldermans(at)ing.comING ProfileING is a global financial institution of Dutch origin offeringbanking, investments, life insurance and retirement services to over85 million private, corporate and institutional clients in more than40 countries. With a diverse workforce of about 110,000 people, INGis dedicated to setting the standard in helping our clients managetheir financial future.Important legal informationCertain of the statements contained herein are statements of futureexpectations and other forward-looking statements. These expectationsare based on management's current views and assumptions and involveknown and unknown risks and uncertainties. Actual results,performance or events may differ materially from those in suchstatements due to, among other things, (i) general economicconditions, in particular economic conditions in ING's core markets,(ii) performance of financial markets, including emerging markets,(iii) the frequency and severity of insured loss events, (iv)mortality and morbidity levels and trends, (v) persistency levels,(vi) interest rate levels, (vii) currency exchange rates (viii)general competitive factors, (ix) changes in laws and regulations,(x) changes in the policies of governments and/or regulatoryauthorities, (XI) conclusions with regard to purchase accountingassumptions and methodologies, (XII) ING's ability to achieveprojected operational synergies. ING assumes no obligation to updateany forward-looking information contained in this document.http://hugin.info/130668/R/1343574/321860.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 24.09.2009 - 20:00 Uhr
Sprache: Deutsch
News-ID 6217
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