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May deadline for $6.5-bn ING Asia insurance bids: Sources
ING has set a deadline of the third week of May to submit bids for its Asian life insurance business, sources said on Monday, as the Dutch bancassurer kickstarted its Asian divestments to repay part of the bail-out money received during 2008 financial crisis.
ING is selling the insurance and investment management businesses separately in deals that could fetch in excess of $6.5 billion. It has sent
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