SEOUL Jan 30 Private equity fund MBK Partners
has expressed interest in acquiring ING Groep NV's
South Korean insurance unit, the Korea Economic Daily reported
MBK Partners recently met with ING officials to express
interest in the unit, and had tapped various financial firms
within and outside South Korea for a possible joint acquisition,
the newspaper reported, citing unnamed investment banking
Officials at MBK and an ING spokeswoman could not be
immediately reached for comment.
In December, KB Financial Group Inc decided
against buying ING's South Korean insurance unit after
negotiating the prospective price down to roughly $2.1 billion.
The sale of the South Korean unit is part of ING's wider
Asia divestment programme to repay a 10 billion euro state
bailout received during the global financial crisis.
(Reporting by Joyce Lee; Editing by Richard Pullin)