ING cuts TMBThanachart Bank stake to 11.6%

Corporate Action
โดย ING Group·NLTH·Read original
Summary · why it matters

ING announced a reduction of its stake in TMBThanachart Bank through a private placement of shares with institutional investors. Upon settlement, the transaction is expected to reduce ING's stake in TTB from 19.5% to 11.6%, excluding shares held in treasury by TTB. Gross proceeds to ING from the transaction amount to approximately €475 million based on current exchange rates. The transaction is expected to have a small positive impact on ING's profit and loss account and CET1 ratio. Settlement of the transaction is expected on 21 August 2026.

Impact on stocks 3

Financials▲ · 3 stocks
ING Groep NV
INGA
▲ PositiveCapitalrelevance

ING sells stake, gains €475M, small positive impact on P&L and CET1 ratio.

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