ING Direct has closed its public takeover offer for Interhyp, a Germany-based independent residential mortgage distributor.
ING Direct has said that with the outcome of this tender offer, 91.21% of Interhyp shares were tendered in total, giving ING Direct the desired controlling stake in the company.
ING Direct has originally announced its intention to launch a public takeover bid for Interhyp on May 19, 2008 and regulatory approval for the offer was received on July 14, 2008.