DivestmentJun 12, 2026, 09:06 AM
ING Reduces TMBThanachart Bank Stake to 19.5%; €243M Proceeds
AI Summary
ING Groep N.V. announced a partial reduction of its stake in TMBThanachart Bank (TTB) through participation in TTB's share buyback program. This transaction decreased ING's stake from 23.1% to 19.5%, generating gross proceeds of approximately €243 million. The move reflects ING's active capital management and disciplined approach to optimizing its investment portfolio, while the company remains a significant shareholder in TTB. The transaction is not expected to materially impact ING's profit and loss account, shareholders' equity, or capital ratios.
Key Highlights
- ING reduced its stake in TMBThanachart Bank (TTB).
- Stake decreased from 23.1% to 19.5% (excluding Treasury shares).
- Gross proceeds from the transaction amounted to approximately €243 million.
- The reduction was achieved through TTB's most recent share buyback program.
- ING remains a significant shareholder in TTB.
- No material impact expected on ING's profit, shareholders' equity, or capital ratios.
Price Impact
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