ING to break up into two units, launch rights issue
China Daily | Updated: 2009-10-27 08:39
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The company had earlier set up separate boards to run its banking and insurance units. Bloomberg News |
AMSTERDAM: Dutch bancassurer ING Groep NV said yesterday it would split itself in two as part of a restructuring deal with the European Commission, transforming itself over the next four years into a smaller Europe-focused bank.
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