Deals
ING Said to Seek at Least $7 Billion for Asia Insurance Unit
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ING Groep NV, the largest Dutch financial-services company, is seeking at least $7 billion for its Asian insurance business and has drawn interest from potential suitors including MetLife Inc., said people with knowledge of the matter.
ING plans to distribute limited financial information on the assets by mid-April, said one of the people, who declined to be identified because the process is private. AIA Group Ltd., Prudential Financial Inc., KB Financial Group Inc. and Manulife Financial Corp. are among other companies studying offers, the people said.