Insurance Post

ING reportedly close to sale of Thailand and Hong Kong units

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ING Group is nearing an agreement to sell its Hong Kong and Thailand insurance businesses to Richard Li, Reuters reported today, quoting sources close to the matter.

The deal with Li, son of Li Ka-shing, Hong Kong's richest businessman, is said to be worth over $2bn.

The Dutch company is in final negotiations with Li, and an announcement may come as early as

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