ING finalises sale of ING BHF-Bank activities (DE)

ING has finalised the sale of most of its German unit ING BHF-Bank. The sale to Sal. Oppenheim, announced on 2 December 2004, was completed at midnight on 31 December 2004. That sale includes ING BHF-Bank’s asset management, private banking, financial markets and core corporate banking businesses, as well as the name BHF-Bank AG.

The sale of ING BHF-Bank’s London Branch to Deutsche Postbank AG, announced on 23 December 2004, was completed on 1 January 2005.

ING’s remaining wholesale banking activities in Germany will operate under the name ING Bank Deutschland AG.

Source: ING Group

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