Services – Printing & Distribution 


In 2014, Dutch bank ING Group NV raised a total of Euro 2.2bn for the initial public offering of its NN Group subsidiary through the sale of a 26.4% stake, in Europe's biggest stock market flotation of 2014. Black&Callow was appointed to print and distribute IPO prospectuses across the UK, US and the Middle East.

ING Group is a Dutch multinational banking and financial services corporation headquartered in Amsterdam, the world's 18th largest corporation by revenue. As of 2013, ING served over 48 million clients and had a worldwide workforce exceeding 75,000.

NN Group is a leading Dutch insurer with a strong European insurance and investment management footprint and a Japanese business, including its main business lines Nationale-Nederlanden, ING Insurance Europe, ING Investment Management and ING Life Japan.


Prospectuses needed to be simultaneously printed and distributed across the UK, US and the Middle East within a short timeframe.

Black&Callow's Solution

Using Black&Callow’s local offices in each location, production was co-ordinated to ensure quality consistency, as well as simultaneous availability so that investors around the world received copies at the same time.

How did Black&Callow add unrivalled value for the client?

  • Black&Callow’s extensive experience managing the most complex IPOs and secondary offerings for the Equity Capital Markets over the past 25 years ensured the project was managed to strict timelines with unmatched service and quality.
  • Its global network of offices and local partnerships ensures that Black&Callow can print in locations worldwide to offer an unrivalled service.

NN Group IPO prospectus