ING Completes Sale of ING REIM Asia to CBRE
(Thomson Reuters ONE) -
ING announced today it has completed the sale of ING REIM's Asian operations to
U.S.-based CBRE Group, Inc.
The transaction includes ING REIM Asia as well as part of ING's equity stakes in
funds managed by ING's Asian real estate investment management platform, and is
part of a broader agreement announced on 15 February 2011 whereby ING agreed to
sell three ING REIM businesses to CBRE. The broader agreement comprises ING REIM
Asia, the already announced closed sale of U.S.-based ING CRES, and ING REIM
Europe, which is on track to close in the fourth quarter of 2011.
Press enquiries Investor enquiries
Victorina de Boer Alexander Mollerus
+31 20 541 5469 +31 20 541 6482
Victorina.de.Boer(at)ing.com Alexander.Mollerus(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 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, and (15) ING's ability to
achieve projected operational synergies. 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/1551640/477944.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#1551640]
Unternehmensinformation / Kurzprofil:
Datum: 03.10.2011 - 23:03 Uhr
Sprache: Deutsch
News-ID 72173
Anzahl Zeichen: 4124
contact information:
Town:
Amsterdam
Kategorie:
Business News
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"ING Completes Sale of ING REIM Asia to CBRE"
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