Tuesday 1 July 2014

ING insurance float finally lifts off

I see reports are emerging that Dutch financial services giant ING is on the verge of listing its insurance arm in what should be one of the biggest IPO's of the year.

Here is a link to a Bloomberg piece: http://www.bloomberg.com/news/2014-07-01/ing-said-to-price-nn-unit-at-midrange-in-1-9-billion-ipo.html

I think I hinted back in March on Betaville that ING was getting closer to listing its insurance arm this year by appointing banks to carry out the flotation.

Here is a link to the original story I did back in March: http://betaville123.blogspot.co.uk/2014/03/ing-moves-closer-to-euro-8-billion.htm

I'm not claiming a clean scoop by any means but a useful update for loyal Betaville readers who were/are interested in the multi-billion Euro/dollar ING flotation.

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