Tuesday, 24 December 2013 - 17:18
ING sells insurance unit for €1.27 bln
Dutch banker ING has completed the sale of its South Korean insurance division ING Life Korea in a deal worth around €1.27 billion, news agency AFP reports. ING Group / Bloomberg ING Life Korea was acquired by private equity firm MBK partners. Currently, ING owns a 10% indirect stake in ING Life Korea.