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Tong Yang Life Insurance Co Ltd Says Mulling Purchase Of ING Groep NV's S.Korean Unit-Reuters

Tuesday, 5 Mar 2013 11:09pm EST 

Reuters reported that the sale of ING Groep NV's South Korean unit is set to be revived after private equity-backed Tong Yang Life Insurance Co Ltd said it was considering whether to buy the business, which is valued at about $2.1 billion. In a regulatory filing on Wednesday, Vogo Capital-owned Tong Yang said it was reviewing whether to buy ING's South Korean insurance unit. Tong Yang did not say how it plans to fund the acquisition if it decides to proceed with a bid, which would be almost double the size of Tong Yang's market value of $1.1 billion. 

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25 Nov 2014