Bancassurer ING (ING.AS) said it was preparing to sell online banking business ING Direct USA, part of a plan to raise funds to repay Dutch state aid.
ING shares were up 3.0 percent by 1215 GMT (7:15 a.m. ET) on Wednesday after the New York Post reported the Dutch financial services group had started the process to auction its U.S. online banking unit in a sale that could raise as much as euro euro 7.22b ($10b)
For more: ING preparing to sell ING Direct USA | Reuters
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