AMSTERDAM — Dutch financial services company ING Groep NV Monday said it will spin off its insurance and investment-management businesses and repay half the EUR10 billion it owes the government in a bid to assuage E.U. concerns over the state-aid package it received last year.

The government injected money into ING at the height of the financial crisis and agreed to guarantee the risks on a EUR28 billion portfolio of Alt-A securities that are backed by mortgages rated between prime and subprime.

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