‘AIA sizes up ING’s Asian insurance arm’
Asia’s third-biggest insurance group AIA Group may bid for the Asian insurance operations of ING, Reuters said on Tuesday, quoting well-informed sources.
Reuters said AIA has invited four banks to pitch for advisory roles for a possible offer for the ING investment, which could cost as much as $6bn.
ING has been ordered to divest its insurance operations following its bail-out by the Dutch government during the financial crisis.
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