MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, July 25, 2013 ING U.S. Drops the New York Marathon After Dutch multinational ING Groep sold a 25 percent stake in its U.S. arm this past May, ING U.S. [profile] announced it will stop sponsoring the New York City Marathon after this year, Bloomberg's Maud van Gaal writes. That marks the end of ING's 10 year sponsorship at the marathon. The stake was sold to raise $1.27 billion as it divests assets in order to coordinate with European Union conditions it has been forced to contend with after receiving aid during the financial collapse. Raymond Vermeulen,a spokesman for ING Groep, said ING U.S. will stop sponsoring marathons, including those in Miami and Hartford, van Gaal writes. The move comes after ING launched a campaign debuting its new Voya brand. To read more, click here. Printed from: MFWire.com/story.asp?s=45117 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |