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ING To Sell Capital One Stake After Sale Of Online Bank

ING Groep NV (INGA) will sell a stake of more than 9 percent in Capital One Financial Corp. that the biggest Dutch financial-services firm acquired in the sale of its U.S. online bank this year.

Bank of America Corp. (BAC)Morgan Stanley (MS) and Citigroup Inc. (C) will jointly manage the public offering of about 54 million shares, McLean, Virginia-based Capital One said in a statement yesterday. Pricing is expected before regular trading opens today in New York, with settlement on Sept. 10, ING said in a separate statement.”

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