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ING to Sell Insurance Unit

ING to Sell Insurance Unit


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Scroll down for a discussion on ING to Sell Insurance Unit within the General Insurance Agent Discussions.

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

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Old 10-26-2009, 03:00 PM   #1
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ING to Sell Insurance Unit             Go to Top

According to Bloomberg News today, ING will be selling their insurance units.
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Old 10-26-2009, 03:48 PM   #2
djs
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Re: ING to Sell Insurance Unit             Go to Top
To who??? Or are they looking for a buyer???

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Old 10-26-2009, 04:07 PM   #3
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Re: ING to Sell Insurance Unit             Go to Top
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
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Old 10-26-2009, 05:27 PM   #4
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Yea, and the stock market hates the news, ING is getting beaten up today in the market. We use ING for multinational pooling.

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