ING in talks to sell car lease unit

Dutch financial services group ING said yesterday it has put its car leasing business up for sale, in a deal reportedlyworth €4bn (£3.5bn). ING is in the throes of a huge restructuring, forced on it as a condition of its €10bn state bailout in the 2008 financial crisis.

It has sold several assets already to raise money to repay the state, but the car leasing unit had not been earmarked previously as a possible divestment.