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Kb Financial Group Inc Drops Bid To Buy ING Groep NV's South Korean Unit-Reuters


Tuesday, 18 Dec 2012 05:28am EST 

Reuters reported that Kb Financial Group Inc decided against buying ING Groep NV's South Korean insurance unit after mulling over the deal for months, dealing a setback to the Dutch group's Asia divestment plans. The board of KB rejected at a meeting on Tuesday what would have been a roughly $2.1 billion acquisition. 

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