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ING DIRECT N.V. announced today that its public takeover offer for
Interhyp, Germany's largest independent residential mortgage
distributor, has closed.
ING DIRECT is very pleased with the outcome of this tender offer.
91.21 percent of Interhyp shares were tendered in total, giving ING
DIRECT the desired controlling stake in the company.
The Interhyp public tender offer additional acceptance period expired
last Wednesday, August 13th. Shareholders who tendered their shares
to ING DIRECT by that date will be paid no later than eight banking
days after that date.
ING DIRECT announced its intention to launch a public takeover bid
for Interhyp on May 19th; that regulatory approval for the offer was
received, on July 14th; and the start of the additional acceptance
period on July 30th.
For updates on ING DIRECT's public tender offer for Interhyp and the
detailed offer document in English and German, please go to
www.ing-angebot.de
Press enquiries:
Pilar
Teixeira
Ulrich Ott
ING DIRECT
ING-DiBa /
ING DIRECT Germany
+31 20 541
5469
+49 692 722 266 233
pilar.teixeira@ing.com
U.Ott@ing-diba.de
About ING Group
ING is a global financial institution of Dutch origin offering
banking, investments, life insurance and retirement services to over
85 million residential, corporate and institutional clients in more
than 50 countries. With a diverse workforce of about 130,000 people,
ING comprises a broad spectrum of prominent companies that
increasingly serve their clients under the ING brand.
About ING DIRECT
ING DIRECT is the world's leading direct bank, offering a focused
range of simple financial products, namely savings, mortgages,
payment accounts and investment products, primarily via direct
channels. ING DIRECT was established in Canada in April 1997, and has
since successfully launched operations in Spain, Australia, France,
USA, Italy, Germany, the UK and Austria. ING DIRECT's mission is to
become the world's most preferred consumer bank through strengthening
its core products and expanding geographically. It has consistently
been one of the world's fastest growing banks, with leading positions
in all markets in which it operates. With almost 21 million customers
globally, the total client retail balance of ING DIRECT amounted to
EUR 307 billion at the end of March 31 2008.
About Interhyp
With EUR 5.7 billion in new residential mortgage volume in 2007,
Interhyp is Germany's leading independent residential mortgage
distributor. Interhyp combines the power of the Internet with high
quality mortgage advice. More than 250 mortgage consultants can
choose among the products of more than 70 mortgage lenders to provide
borrowers with rates that are significantly below those of
traditional branch-based retail banks. In addition to its direct
(internet and telephone-based) channel, Interhyp offers face-to-face
advice in its offices in Augsburg, Berlin, Bielefeld, Bremen,
Cologne, Dortmund, Dusseldorf, Essen, Frankfurt, Hamburg, Hanover,
Karlsruhe, Leipzig, Mannheim, Munich, Nuremburg, Stuttgart and
Wiesbaden.
LINK: http://hugin.info/130668/R/1244202/268199.pdf
ING Group
http://www.ing.com
ISIN: NL0000303600
Stock Identifier: XAMS.INGA
US: NYSE:ING
