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ING to receive additional Dutch government assistance; CEO steps down

  • Alston & Bird LLP
  • -
  • Netherlands
  • -
  • January 26 2009

Today, in efforts to "counter the implications of the persistently challenging economic and market conditions," the Dutch government and ING Groep NV separately announced an agreement to create an "Illiquid Assets Back-up Facility" covering a full risk transfer to the Dutch Government of 80 of ING's 27