ING Groep N.V. is a global financial institution. The Company provides a range of insurance, banking and asset management services and serves more than 60 million customers in Europe, the United States, Canada, Latin America, Asia and Australia. ING has six business lines: Insurance Europe, Insurance Americas, Insurance Asia/Pacific, Wholesale Banking, Retail Banking and ING Direct. In April 2007, the Company completed the acquisition of AZL, a Netherlands-based provider of pension fund management services. In June 2007, the Company completed the sale of its specialty insurance unit , Nationale Borg, to HAL Investments B.V. and Egeria. In July 2007, the Company completed the sale of its business unit ING Trust. In July 2007, ING Real Estate, a subsidiary of the Company, acquired the Triangle Part-Dieu office building in Lyon, France. In September 2007, the Company completed the sale of ING Insurance Belgium NV, its Belgian broker and employee benefits insurance business, to P&V Verzekeringen. In January 2008, the Company closed all five transactions to acquire Banco Santander's pension and annuity businesses in Mexico, Chile, Colombia, Uruguay and Argentina.
In July 2006, ING acquired Appleyard Vehicles Contracts, a United Kingdom-based car leasing company. In October 2006, ING acquired 56% of Summit Real Estate Investment Trust (Summit REIT), which owns a portfolio of light industrial properties in major markets across Canada. In October 2006, ING acquired ABN AMRO Asset Management (Taiwan) Ltd, a registered Securities Investment Trust Enterprise. In June 2006, ING sold its United Kingdom brokerage unit Williams de Broe Plc. In September 2006, it sold its 87.5% stake in Deutsche Hypothekenbank AG. In December 2006, ING sold its stake in Degussa Bank, a unit of ING-DiBa specialising in worksite banking for private customers.(Read more at Wikinvest )