Transactions by ING GROEP NV-CVA (INGVF) in the last 6 months

Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander entered into an agreement to acquire ING Hipotecaria, S.A. De C.V. Sfol from ING Groep NV (ENXTAM:INGA) on June 14, 2013. The transaction, which is subject to customary regulatory approvals, is expected to close in the second half of 2013. The transaction announced today is not expected to have a material impact on ING Group results. The acquisition is expected to generate operating ... synergies and contribute favorably to Banco Santander Mexico's overall performance once ING Hipotecaria has been fully integrated. Marc O. Williams, Michelle B. Galdos, Alice Z. Chen, Michael Mollerus, Avinash Venkatesh, Matthew J. Bacal, Pritesh P. Shah and Andrew Blau of Davis Polk & Wardwell LLP acted as Banco Santander, S.A., parent of Banco Santander (México), S.A., Institución de Banca Múltiple, Grupo Financiero Santander.
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International Finance Corporation agreed to acquire 7.9% stake in Sul América SA (BOVESPA:SULA11) from ING Groep NV (ENXTAM:INGA) for BRL 400 million on May 16, 2013. The transaction involves acquisition of 26.46 million units representing 26.46 million common shares and 52.9 million preferred shares of Sul America. These shares have been released from the obligations of the shareholders agreement between ING and the Larragoiti Family. The transaction with IFC is expected ... to close within 30 days. Lazard B.V. and Three Ocean Partners LLC acted as financial advisors to ING Groep NV.
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Citigroup Global Transaction Services entered into a definitive agreement to acquire custody and securities services business in seven Central and Eastern European countries from ING Groep NV (ENXTAM:INGA) on April 26, 2013. Citigroup will acquire businesses in Bulgaria, Czech Republic, Hungary, Romania, Russia, Slovakia and Ukraine. The completion of transaction is subject to regulatory approval, clearances and standard closing conditions. The transaction is expected ... to be completed in the second quarter of 2013 while the full migration of the clients business is expected to be finalised in the first quarter of 2014. The transaction is not expected to have a material impact on ING’s results. Vasil Kisil & Partners acted as legal advisor for ING Groep. Nigel Kemp, Robin Schiff, Rosemary Sutherland and Joseph Tedeschi acted as financial advisor for Citi Group. Barnabas W.B. Reynolds, Jeremy Kutner, Matthew Readings, Simon J. Little, Paul Pasalic, Azad Ali and Ellerina Teo of Shearman & Sterling acted as legal advisors for Citi Group. Leo Greve, Willem Daris, Monte Hoekstra and Paul van Slobbe of ING FI Event Finance & Advisory division of ING Bank N.V. acted as sole financial advisors to ING Group. Barney Reynolds, Jeremy Kutner, Matthew Readings, Simon Little, Paul Pasalic Azad Ali and Ellie Teo of Shearman & Sterling (London) LLP acted as legal advisor for Citigroup Global Transaction Services.
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Larragoiti Family agreed to acquire an additional unknown stake in Sul América SA (BOVESPA:SULA11) from ING Groep NV on February 28, 2013. The transaction will be carried out via share swap. On completion, ING will hold a direct stake of just under 30% in Sul América SA. Following the transaction, ING will continue to contribute to the success of Sul América through its participation in the Board of Directors. The transaction is subject to regulatory approvals. The transaction ... is expected to close in the second half of 2013. The transaction is not expected to have a material impact on ING Group results. Lazard and Three Ocean Partners LLC acted as financial advisors for ING Groep NV.
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