ING subsidiary sells interest in real estate fund (NL)

ING-BHF Bank is said to have sold its 13,2% interest in the German real estate fund AGIV Real Estate for € 10 million. This division of the banking and insurance institution ING should have sold its interest to an investment group, for an amount that corresponds to € 2,10 per share.

In the Netherlands, AGIV is known for the sale of the construction company Wayss & Freytag to the Dutch constructor HBG eight years ago. At the end of June, 2004 the construction firm BAM, now owner of Ways & Freytag, announced its € 15 million claim on AGIV.

Source: De Financiële Telegraaf

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