ING’s Bailout to Be Re-Examined by EU Regulators

ING Groep NV’s rescue by the Dutch government will be re-examined by European Union competition regulators after a court overturned some of the EU’s conditions for approval of the aid.

The European Commission yesterday challenged a March ruling by the EU’s General Court that partly annulled the agency’s earlier decision to authorize ING’s bailout. The commission also gave temporary approval to the ING rescue based on the bank and insurer’s original 2009 plan, while opening a probe to examine whether ING could replace a commitment to sell WestlandUtrecht Bank by 2013.