ING announced a reduction of its stake in TMBThanachart Bank through a private placement of shares with institutional investors. Upon settlement, the transaction is expected to reduce ING's stake in TTB from 19.5% to 11.6%, excluding shares held in treasury by TTB. Gross proceeds to ING from the transaction amount to approximately €475 million based on current exchange rates. The transaction is expected to have a small positive impact on ING's profit and loss account and CET1 ratio. Settlement of the transaction is expected on 21 August 2026.
ING Group NV ADRING reduces its TTB stake via private placement for ~€475M gross proceeds, expected to have a small positive impact on P&L and CET1 ratio.
ING Groep NVING sells stake, gains €475M, small positive impact on P&L and CET1 ratio.
TMBThanachart Bank Public Company Limited
