Article: ING unit to buy car-leasing company from Fortis

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Dateline: AMSTERDAM, Netherlands ING Lease, a unit of Dutch banking and insurance group ING Groep NV, said Wednesday it agreed to acquire car leasing unit TOP Lease from banking group Fortis NV.

Financial terms of the deal were not disclosed.

TOP Lease specializes in full car-lease services and is one of the top five car-leasing companies in the Netherlands. It is also active in Belgium.

The purchase price will be paid fully in cash, the companies said.

Under the agreement, expected to close in the spring, TOP Lease will be merged with ING Car ...

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