ING sells insurance unit for €1.27 bln

no image
No image availableNL Times

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.

Tags: