SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
of the Securities Exchange Act of 1934
For June 9, 2011
Commission
File Number 1-14642
ING Groep N.V.
Amstelveenseweg 500
1081-KL Amsterdam
The Netherlands
Indicate by check mark whether the registrant files or will file annual reports under cover of
Form 20-F or Form 40-F.
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T rule 101(b)(7): o
Indicate by check mark whether the registrant by furnishing the information contained in this
Form is also thereby furnishing the information to the Commission pursuant to rule 12g3-2(b) under
the Securities Exchange Act of 1934.
If Yes is marked, indicate below the file number assigned to the registrant in connection with
Rule 12g3-2(b).
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Amsterdam, 9 June 2011 |
ING completes divestment of Clarion Partners
ING announced today that it has completed the sale of Clarion Partners, INGs U.S.-based
private market real estate investment manager, to Clarion Partners management in partnership with
Lightyear Capital LLC for the previously disclosed amount of USD 100 million.
The transaction regarding Clarion Partners is one of the transactions ING announced on 15 February
2011 to sell the majority of its ING Real Estate Investment Management business (ING REIM).
The announcement in February also concerned the agreement to sell ING REIM Europe, ING REIM Asia
and Clarion Real Estate Securities (CRES), ING REIMs global manager of listed real estate
securities, as well as part of INGs equity interests in funds managed by these businesses to CB
Richard Ellis Group. The sale to CB Richard Ellis of these businesses and interests continues to be
on track for completion in the second half of this year.
Clarion Partners has EUR 15.9 billion in assets under management as of 31 March 2011. Lightyear is
a US-based private equity firm.
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Press enquiries
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Investor Inquiries |
Carolien van derGiessen
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Alexander Mollerus |
+31 20 541 6522
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+31 20 541 6482 |
Carolien.van.der. Giessen@ing.com
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Alexander.Mollerus@ing.com |
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About ING
ING is a global financial institution of Dutch origin offering banking,
investments, life insurance and retirement services. As of 31 March 2011, ING
served more than 85 million private, corporate and institutional clients in
more than 40 countries. With a diverse workforce of about 105,000 people, ING
is dedicated to setting the standard in helping our clients manage their
financial future.
IMPORTANT LEGAL INFORMATION
Certain of the statements contained herein are not historical facts,
including, without limitation, certain statements made of future expectations
and other forward-looking statements that are based on managements current
views and assumptions and involve known and unknown risks and uncertainties
that could cause actual results, performance or events to differ materially
from those expressed or implied in such statements. Actual results, performance
or events may differ materially from those in such statements due to, without
limitation: (1) changes in general economic conditions, in particular economic
conditions in INGs core markets, (2) changes in performance of financial
markets, including developing markets, (3) the implementation of INGs
restructuring plan to separate banking and insurance operations, (4) changes in
the availability of, and costs associated with, sources of liquidity such as
interbank funding, as well as conditions in the credit markets generally,
including changes in borrower and counterparty creditworthiness, (5) the
frequency and severity of insured loss events, (6) changes affecting mortality
and morbidity levels and trends, (7) changes affecting persistency levels, (8)
changes affecting interest rate levels, (9) changes affecting currency exchange
rates, (10) changes in general competitive factors, (11) changes in laws and
regulations, (12) changes in the policies of governments and/or regulatory
authorities, (13) conclusions with regard to purchase accounting assumptions
and methodologies, (14) changes in ownership that could affect the future
availability to us of net operating loss, net capital and built-in loss carry
forwards, and (15) INGs ability to achieve projected operational synergies.
ING assumes no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information or for any other reason.
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