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Stock impact report

ING Bank Slaski takes full control of Goldman Sachs TFI by acquiring remaining 55% stake [Yahoo! Finance]

ING Group, N.V. (ING) 
US:NYSE Investor Relations: ing.com/investor-relations.htm
Company Research Source: Yahoo! Finance
ING announced today that ING Bank Slaski has reached an agreement with Goldman Sachs on the full acquisition of the Polish asset management company Goldman Sachs TFI. ING already owns 45% of the company and with acquiring the remaining 55% stake it brings its ownership to 100%. “As we observe both the growing affluence of Polish customers and important demographic shifts, we see that customers are more often looking for alternatives to traditional saving products. We want to meet their needs in a simple, digital and safe way,” said Michal Boleslawski, CEO of ING Bank Slaski. “We are placing increasing emphasis on Private Banking and investment solutions. Taking over full control of Goldman Sachs TFI further reinforces our position in the investment and retirement markets. Under the ING brand, we want to offer clients a comprehensive range of solutions – from deposits to investment products”. Pinar Abay, global head of Retail Banking and member of ING Group's Management Board Bank Show less Read more
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