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Slide #54. Scotiabank — ING Direct Canada
Acquirer:
Scotiabank
Acquiree:
ING Direct Canada (NYSE:ING)
Details:
ING announced that it has reached an agreement to sell ING Direct Canada for a total consideration of CAD 3.1 billion (EUR 2.5 billion at current exchange rates) to Scotiabank, a leading Canadian financial services company. The transaction is a result of ING's continuous evaluation of its portfolio of businesses and is in line with ING's strategic objectives of sharpening the focus of the bank and further strengthening its capital position.
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![]() Strong Buy (3.50 out of 4) 56th percentile
(ranked higher than approx. 56% of all stocks covered)
Analysts' Target Price: ING Stock Forecast Based on Zacks ABR data; powered by Xignite ![]() |
