ING Group sells 35.5 million shares in Fortis

ING Group announced today it succesfully completed the sale of its remaining holding of ordinary shares in Fortis. The 35.5 million shares have been placed at a price of Eur 22.75 per share in cash, generating gross proceeds of about Eur 808 million.

The disposal led to a book profit of approximately Eur 235 million. This announcement will be accounted for as an operational profit in the second quarter of 2002. As indicated in our press release of this morning, the sale was part in INGÂ's regular programme to realise capital gains.

(source: ING Group)

Related News