(Bloomberg) -- ING Groep NV, the biggest Dutch financial-services company, raised $1.18 billion with a sale of shares in its U.S. insurance unit as the parent company ended its majority stake.
The Dutch company sold 26.5 million shares in a public offering at $35.23 apiece, yesterday’s closing price in New York, ING U.S. said in a statement. The New York-based unit, which is changing its name to Voya Financial Inc. this year, agreed to buy another 7.26 million shares held by its parent for about $34.45 a share.
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