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INTERNATIONALE NEDERLANDEN GROUP REACHES AGREEMENT WITH FINARTE TO ACQUIRE 100 PERCENT OF SVILUPPO FINANZIARIA

 THE HAGUE, The Netherlands, Jan. 4 /PRNewswire/ -- Internationale Nederlanden Group (ING Group) reached agreement on Dec. 28, 1992, with the Italian company Finarte about the acquisition of Finarte's 40 percent interest in Sviluppo Finanziaria, thus extending its interest in Sviluppo Finanziaria to 100 percent.
 Additionally, to support its growth plans and to enable Sviluppo's bond brokerage subsidiary Sviluppo Intermediazioni to obtain primary dealer status, ING Group intends to invest LIT 65 billion (US 46 million) in Sviluppo.
 Finarte's President Francesco Micheli will continue as chairman of the board of directors of Sviluppo.
 -0- 1/4/93
 /CONTACT: Internationale Nederlanden Group, 011-31-20-541-5461/


CO: Internationale Nederlanden Group; Finarte; Sviluppo Finanziaria ST: IN: INS SU: TNM

RA-BR -- AT004 -- 1221 01/04/93 10:03 EST
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Publication:PR Newswire
Date:Jan 4, 1993
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