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29 June 2007
AMSTERDAM (AP) – Dutch bank ING Group NV said Friday it agreed to sell its Belgian broker and employee benefits insurance business for EUR 750 million to P&V Verzekeringen.
ING will probably make a net profit of about EUR 425 million on the sale, the company said in a statement. The disposal follows a strategic review of ING’s business.
The transaction remains subject to regulatory approval.
[Copyright AP 2007]
Subject: Dutch news, Belgian news