ING Group finalizes the sale of its activities in Australia and New Zealand

In accordance with an agreement dating back to the end of September 2009, the group ING sells to ANZ its stakes in the life insurance and wealth management companies in Australia and New Zealand. Both companies merged their operations in these two countries. These moves will allow ING to receive 1.1 billion EUR (1.6 billion USD) in revenues and 325 million EUR (474.2 million USD) in net profit. ING remains active in Asia via other insurance companies and claims the third ranking in the region.