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Back to Home » July 2011 News » ING to Sell Insurance Latam to GrupoSura for EUR 2.7 Bln |
ING to Sell Insurance Latam to GrupoSura for EUR 2.7 Bln |
July 25, 2011
ING to Receive a Total Consideration of Appr. EUR 2,680 Mln Including Assumed Debt of EUR 65 Mln
Sale Expected to Result in a Net Transaction Result at Closing of Approximately EUR 1 Bln
Transaction Values ING's Latin American Business at 1.8x Book Value on IFRS Basis
Transaction Excludes ING's 36% Stake in Leading Brazilian Insurer Sul America SA
Source URL: http://www.marketwire.com/mw/release.do?id=1541484&sourceType=3
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