ING shares surge after 10 billion euro capital deal

Shares in banking and insurance giant ING jumped around 25% on Monday after the group said it will receive a 10 billion euro ($13.4 billion) capital injection from the Dutch government.

In exchange for the cash, the government will receive non-voting securities paying 8.5% interest or more as well as the right to nominate two new members of the group's supervisory board.

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- Posted: 2008-10-20 08:56:43

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