ING could takeover BinckBank or Belfius
Dutch bank ING could takeover Dutch BinckBank or Belgian bank Belfius, de Financieele Telegraaf reported, citing Rabobank analysts. ING has EUR 19bn to spend. Around EUR 12bn is meant for dividends and internal growth. The other EUR 7bn could act as a buffer, be returned to shareholders, or be used to finance takeovers, the report said.
Rabobank is expanding on its January 2015 prediction that Binck will be bought this year, as previously reported by this service.
De Financieele Telegraaf
