ING to Sell Its Stake in Capital One

September 5, 2012, Written By Natalie Rutledge
ING to Sell Its Stake in Capital One

Dutch financial services company ING is Capital One’s biggest stakeholder but will soon sell all of its 54 million shares.

These shares represent an estimated 9 percent of Capital One. The underwritten value of the public offering will be approximately $3 billion at current exchange rates.

The sale was ordered by the European Union as a condition of the bank’s government bailout during the financial crisis. The transaction is expected to go through on September 10.

ING received the shares in February as part of the sale of ING Direct USA to Capital One.

This entry was posted in Credit Card News and tagged credit cards , Capital One , European Union , financial crisis , ING

The information contained within this article was accurate as of September 5, 2012. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.

About Natalie Rutledge

Natalie Rutledge majored in Communications at Mississippi State University. She was in sales for a number of businesses and spent nine years working as a communications advisor to various entities. Natalie can be contacted directly at
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