ING Bank to sell 6.5% of Sol Melia

Amsterdam-based ING Bank has said it will sell up to 6.5% of hotel manager Sol Melia to a group of 'qualified investors' in Spain and overseas, confirming earlier market rumours. The Dutch group told the Spanish stock exchange commission CNMV on Tuesday that the offer comprises 12 million shares, which are valued at some EUR 190.36 mln, as the share price of the Spanish group was EUR 15.85 when the market closed on Monday.

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