Following its offer of September 29, 2000, ING CANADA together with seven property and casualty brokerages hold approximately 97.7% of the outstanding shares.
The price offered for the remaining shares of Equisure is $7.00, which is the same price than the one included in the original offer. The acquisition of the shares will be completed by the end of February of this year.
Amsterdam-based ING Group is a global leader in integrated financial services, employing nearly 100,000 employees in more than 65 countries. ING comprises a broad spectrum of prominent companies operating close to their customers throughout the world. In Canada, ING companies provide insurance, investment and banking services to two and a half million customers through both direct and intermediary channels. ING companies in Canada include ING Commerce Group, ING Halifax, ING Novex, ING Wellington, ING Western Union, BELAIRdirect, ING Direct and ING Investment Management.
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ING to complete the purchase of Equisure
February 22, 2001