Renewed investor interest in villages emerging – ING on ‘watch list’

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Talk is that the 42 village ING group may be ‘in play’ sooner rather than later after Sir Ron Brierley’s Mercantile Investment Company purchased 5% of the $580 million investment trust (figures include US and NZ assets). Being a veteran takeover merchant, Sir Ron could well reawaken the investment sector to retirement. Remember, Australian Unity was oversubscribed just months ago when super funds jumped in to its new retirement fund. ING made $13.1 million profit in 2011 and has now got debt of just 40%. Things could happen fast for ING.

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