Businesses acquired and divested

6 Months Ended

Jun. 30, 2026

20 Businesses acquired and divested

Acquisitions

On 24 April 2026 ING Bank Śląski acquired the remaining 55% of the shares of Goldman Sachs TFI for a total cash

consideration of EUR 94 million.


Acquisition remaining 55% of the shares of Goldman Sachs TFI
in EUR million
Consideration paid	94
Carrying amount pre-existing interest	38
Remeasurement pre-existing interest	25
Fair value of pre-existing interest (45%)	63
Fair value of identifiable net assets (100%)	44
Goodwill	113

The remeasurement to fair value of the Group's existing 45% interest in Goldman Sachs TFI resulted in a gain of

EUR 25 million. This amount has been included in Other net income.

The acquisition resulted in the recognition of goodwill of EUR 113 million. Goodwill arising on the acquisition

represents the value of expected revenue and cost synergies from the integration of the acquired business within

the Group’s existing operations, the ability to attract and retain new clients, the assembled workforce, including

the expertise and investment management capabilities of the fund management team, and other intangible

assets that do not qualify for separate recognition.