RRJ Capital and Temasek to Invest $1.8 Billion in ING’s NN Insurance Unit
Singapore’s Temasek Holdings is partnering with RRJ Capital Ltd again on another big deal. The two investors are investing around US$ 1.8 billion in ING Groep NV’s NN insurance unit before it has its initial public offering. In exchange, both parties will receive NN Group shares and subordinated ING Group notes (convertible into NN Group shares).
NN Group is an insurance and investment management group with operations in the Netherlands and a presence in a number of European markets and Japan. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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