ING gains extra time for divestments
Netherlands-based financial services group ING, which has been obliged by the European Commission (EC) to sell off its insurance operations as part of the condition of it receiving a bailout from the Dutch state (InsuranceDay.com, January 26 2009), has received an “extended time horizon” to complete divestments of its insurance operations, it announced this morning (InsuranceDay.com October 26 2009).