June 2012 Vol. 17 No. 06
Bidding war escalates over ING’s Asian business
Australia’s Macquarie Group, US-based Principal Financial Group, Hanwha Group of Korea and Singapore’s United Overseas Bank are among the suitors that have submitted bids for ING’s Asian asset management business in a deal that could be worth around US$500 million to $600 million, according to a Reuters report citing industry sources.
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