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Home Countries Belgium

ING to sell stake in ING-BOB Life to BNP Paribas Cardif

by PressCenter.com
August 15, 2013
in Belgium, Business & Entrepreneurs, Business & Entrepreneurship, Categories, Countries, Sources
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The transaction is part of ING’s earlier announced process to divest ING’s insurance and investment management businesses. The process to divest the remaining insurance and investment management businesses in Asia is on-going and any further announcements will be made if and when appropriate. Today’s announcement does not affect ING Bank’s 13.7% stake in Bank of Beijing, nor does it affect ING’s Commercial Banking activities in China.

ING’s Chinese life insurance joint venture was established in 2002 and today operates eight branches in seven provinces and municipalities in China. It offers savings and protection products to families in China through an agency network and through bank branches.

Press enquiries
Victorina de Boer
+31 20 57 66373
Victorina.de.Boer@ing.com

Investor enquiries
ING Group Investor Relations
+31 20 57 66396
Investor.Relations@ing.com

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Tags: Asiabank branchesBNP ParibasCardifChinaINGING-BOB LifeING’s Commercial Banking activitiesinsurance joint ventureinvestment management businessesstake
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