South Korea: ING Life to be sold to MBK Partners
Source: Asia Insurance Review | Oct 2013
ING will sell its wholly owned Korean life insurance business, ING Life Korea, to MBK Partners for a total purchase price of approximately KRW1.84 trillion (US$1.65 billion). Under the terms of the agreement, ING will hold an indirect stake of approximately 10% in ING Life Korea for an amount of KRW120 billion.
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