Allen & Overy advises ING and NN Group on IPO of up to 77 million ordinary shares
Allen & Overy (A&O) has advised ING and NN Group on the initial public offering (IPO) of up to 77 million ordinary shares of NN Group through ING (the selling shareholder). This includes the exchange into NN Group shares of €450m (£360m) of mandatorily subordinated notes, and excluding the exercise of the over-allotment option gross proceeds to ING at settlement of the IPO amount to approximately €2bn.
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