ING gains $1.24bn from sale of Asian businesses
ING has completed the sale of its Hong Kong, Macau and Thailand insurance businesses to Pacific Century Group for $2.14bn (€1.64bn).
Altogether ING made $1.24bn (€950m) from the transaction which will be reflected in its first quarter results. The deal was first announced in October.
ING's buyer is PCG, a private firm founded in
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