Private equity firm named as ING bidder
Private equity firm Blackstone Group is teaming up with Mark Wilson, former head of AIA Group, and other investors in a bid for ING's Asian insurance business, according to Bloomberg's Businessweek.
The group, which includes reinsurer Swiss Re, may make an offer of €5bn to €6bn ($7.35bn) by 16 July, the deadline for final bids, an anonymous source told the publication.
ING agreed to divest its
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