ING has announced that it does not intend to make an offer to acquire ABN Amro Netherlands from Fortis.
ING said that it has examined the situation closely and carefully. The company added that it is mindful of the interests of all stakeholders, but recognizes that the ultimate responsibility is to its shareholders.
ING maintained that it remains committed to a disciplined approach when considering acquisitions, especially in the current extraordinary market circumstances. After careful consideration ING concluded that a transaction would not meet its financial requirements.