Thebook-building process for the sale of ING Groep NV's remaining 14.1% stake in is open with immediateeffect.
ING'sstake comprises about 45.7 million ordinary shares, which will be offered toinstitutional investors through an accelerated book-building offering. The bookis expected to close by 5:30 p.m. CET on April 15, with the deal expected tosettle on April 19.
CreditSuisse, ING Bank, JP Morgan and UBS are acting as joint global coordinators forthe offering.
The sale of the stake is the final transaction in ING'sprogram to divest all of its insurance and investment management businesses aspart of its restructuring agreement with the European Commission.