ING to Sell Insurance Unit

[ims01]

According to Bloomberg News today, ING will be selling their insurance units.

 

[djs]

To who??? Or are they looking for a buyer???

Dan

 

[scagnt83]

Yeah I just read that story. They are selling off the insurance arm in a rights offering for 11.3 billion. The rest of the company is applying for a taxpayer funded bailout by the EU!..... interestsing....seems things arent over yet...

ING to Raise $11.3 Billion, Sell Insurance Units (Update4) - Bloomberg.com

 

[VacantHomeIns]

yea, and the stock market hates the news, ING is getting beaten up today in the market. We use ING for multinational pooling.