ING Investment Banking sets its sights high.

Financial News, June, 2002

Byline: Michael Hoare

The announcement earlier this month of ING Investment Banking's biggest sole advisory mandate for a year has lit a fire under the belly of many of its senior bankersThe firm acted for Koninklijke BAM, the Dutch construction company, on its [euro];715m ($688m) acquisition of rival Hollandsche Beton Groep (HBG), in its biggest sole advisory role since April last year, and bankers say the deal is a vindication of the group's strategy.

ING had won the deal off the back of its lending relationship with BAM, and was mandated not only to advise it on the deal, but also provide the financing.

Hendrik Vermaas, one of the six directors charged with running ING Investment Banking in the Netherlands, says: 'This is a great example...

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