ING Shares Fall as EU Starts Re-Examination of Bailout Terms

ING Groep NV fell in Dutch trading as European regulators started a new probe into its restructuring plan and appealed a court ruling that overturned some of the conditions imposed on the bank and insurer’s rescue.

ING shares lost 6 percent, the biggest decline among the 32 stocks in the Stoxx Insurance 600 Index. The European Commission opened an “in-depth investigation” into changes proposed by ING and the Dutch state to the 2009 deal that set out conditions allowing government aid, according to a statement the regulator released on May 11 after trading closed for the week. The probe also includes an assessment of the Netherlands’ return on securities issued as part of the bailout, which ING didn’t pay interest on while making a profit in 2010 and 2011.