ING announced on Friday the partial sale of its stake in TMBThanachart Bank (TTB), reducing its share from 23.1% to 19.5%. This transaction, carried out through the Thai bank's share buyback program, generated a gross revenue of approximately €243M for the Dutch group.
Reduction Through the Thai Partner's Share Buyback
ING has partially divested its stake in TMBThanachart Bank by participating in the share buyback program initiated by the Thai institution. This transaction reduces ING's stake (excluding treasury shares) from 23.1% to 19.5%.
The gross revenue from this operation amounts to approximately €243M, calculated based on the exchange rates at the time of the announcement. According to the Dutch group, this reduction reflects active capital management and a disciplined approach to optimizing its investment portfolio.
No Material Impact Expected on ING's Financial Results
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ING indicates that this transaction is not expected to have a material impact on its income statement, equity, or capital ratios. The group emphasizes that it remains a significant shareholder of TTB and continues to value its longstanding partnership with the institution.
A Historical Asset in Thailand
ING acquired its stake in TTB following its historical involvement in TMB Bank, which later merged with Thanachart Bank to form TMBThanachart Bank. Through this transaction, the group has supported the development of TTB as one of the major financial institutions in Thailand.
Aucune prévision de chiffre d'affaires vérifiable : aucun communiqué de résultats n'est disponible en base pour cette période. La valeur 22,8 a été retirée faute de source.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
