Dutch bank ING announced that it is experiencing a delay in finalizing the previously announced sale of its Russian division. The sale agreement was made with Global Development JSC.
This delay means that ING's exit from the Russian market will take longer than initially anticipated. The company did not specify the reasons for the delay in its announcement.
The prolonged process could extend ING's exposure to the Russian market, which the bank had intended to exit. Investors will monitor further updates regarding the completion of this divestiture.
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