ING acquires 40% stake in Spain's private lender Singular Bank
06/07/2026 06:51
ING acquires 40% stake in Spain's private lender Singular Bank July 6 (Reuters) - Netherlands-based lender ING INGA.AS on Monday said it would buy a stake of about 40% in Spain's Singular Bank from private equity firm Warburg Pincus for an undisclosed price, as it eyes expanding its private banking and wealth management division in the country.
The purchase, plans of which were first reported by Spanish newspaper Expansion last week, is expected to be finalised in the first quarter of 2027.
(Reporting by Mateusz Rabiega; Editing by Thomas Derpinghaus)
((Mateusz.Rabiega@thomsonreuters.com; +48 58 769 67 57;))
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