Dutch banking giant ING announces plan to sell its stake in Capital One

“ING announced today that it intends to sell all of its 54 million shares in Capital One Financial Corporation,” the Amsterdam-based ING said in a statement, but it did not give an amount.

“Financial details will be released after pricing of the transaction which is expected to take place prior to opening of the New York Stock Exchange” on Wednesday, ING said.

The sale would be done through an underwritten public offer, it added.

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