Sponsored Links

RPT-KB Financial Group submits bid for ING's S.Korea business-report

Mon Jul 16, 2012 2:27am EDT

SEOUL, July 16 (Reuters) - KB Financial Group Inc submitted a main bid for ING Groep's South Korean insurance business, t he local Maeil Business Newspaper reported Monday.

ING Life Insurance Company Korea, ING's unlisted South Korean insurance unit, was worth 2 trillion won ($1.74 billion) in net assets as of end of March according to the firm's regulatory filing.
Stocks
M&A
Markets
Financials
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.