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ING Groep NV Completes divestment of ING Life Korea to MBK Partners


Tuesday, 24 Dec 2013 01:31am EST 

ING Groep NV:Completes the divestment of ING Life Korea to MBK Partners, a Korean private equity firm, for a total purchase price of about 1.27 billion euros.Says it will hold through ING Insurance, as of the completion of the transaction with MBK, an indirect stake of about 10 percent in ING Life Korea, equivalent to an amount of about 80 million euros. 

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