Finance & economics

The lion’s friendly approach

ING’s attempt to buy a big French bank has been thwarted, for now. The episode says much about both Dutch ambition and French intransigence

|AMSTERDAM AND FRANKFURT

AS THE chairman of ING, one of Europe's biggest financial-services companies, Godfried van der Lugt likes clarity. He pulls out a slide, littered with colourful shapes, showing its activities around the world. The red circles, he explains, mark areas of market leadership, while green squares signal the need for organic growth. And the blue triangles? “That's where we're planning acquisitions,” he replies, his eyes twinkling. “You don't get strategy much clearer than that.”

This article appeared in the Finance & economics section of the print edition under the headline “The lion’s friendly approach”

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