Investment Banking

ING received a total cash consideration of approximately EUR 180 million for the 37.7 million SulAmérica units, which represent a direct stake of approximately 11.3%.

ING announced that it has completed the agreement with the Dutch State on the unwinding of the Illiquid Assets Back-up Facility (IABF) as announced on 1 November 2013. The IABF in its original form is now terminated and all regular guarantee fee payments have been settled.

The European Investment Bank (EIB) and Prysmian Group announce the finalisation of a €100 million loan to fund the European research and development (R&D) programmes of the group, world leader in the energy and telecom cables and systems industry, over the period 2013-2016.

A six-year study of the Financial Times has found that the more frequently a company is mentioned in the newspaper in the morning, the greater the volume of shares traded in that company during the same day.

Swiss Re’s Board of Directors announces that Group Chief Financial Officer George Quinn will step down from his role, effective 30 April 2014, and pursue other professional interests. A search for a replacement has been initiated.