ING Groep N.V. (ENXTAM:INGA) reached an agreement to acquire 75% stake in Payvision B.V. for an enterprise value of €360 million on January 29, 2018. After completion of the transaction, Payvision's founding management team will hold a 25% minority stake and will continue to lead the company. The transaction is expected to close in the first quarter of 2018. The transaction is not expected to have a material impact on ING's CET 1 ratio. Jefferies Group LLC acted as financial advisor and Björn van der Klip and Duco de Boer of Stibbe N.V. acted as legal advisors to Payvision B.V. FT Partners acted as financial advisor to ING. Willem Daris, Jan Paul van Houten, Henk Ellens, Bernt Hendriksma and Marijn Settels of ING Groep N.V. (ENXTAM:INGA) advised self in the transaction. Klaas de Vries, Klaas de Vries, Pete Lawley, Han Shi Chen, Ton Schutte, Rutger van Boxtel of De Brauw Blackstone Westbroek N.V. acted as a legal advisor to ING Bank. Deloitte acted as accountant to ING.