ING to divest shares in Capital One
Banking and insurance group ING is to sell its interest in US peer Capital One Financial Corporation.
ING received the 9.9% interest in Capital One when it sold its US internet bank ING Direct to the company in February for €6.3bn.
The shares are currently valued at $3bn, and the deal is expected to be finalised on September 10.
Thank you for donating to DutchNews.nl.
We could not provide the Dutch News service, and keep it free of charge, without the generous support of our readers. Your donations allow us to report on issues you tell us matter, and provide you with a summary of the most important Dutch news each day.
Make a donation