ING set to spin off insurance business, repay Dutch bailout
Posted: October 27, 2009 at 5:26 a.m.
European services giant ING Groep NV said Monday that it will split itself in two, spinning off its insurance arm to simplify its business and issuing $11.3 billion in new shares to repay state bailout money.
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Business, Pages 19 on 10/27/2009
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