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dDT

03/03/15 5:02 PM

#560154 RE: dDT #560151

ING unloading the rest of its Voya stock

The total number of shares of VOYA being sold by ING Group is expected to be 45.6M. Part will be in an underwritten stock offering, and Voya will also purchase $600M worth (13.6M shares) directly from the bank.
Following the completion of the deals, ING will have fully exited its 19% stake in Voya, though will continue to hold warrants for 26M shares struck at $48.75.