ING Mulls Sale of Japan Unit

Date : 07/12/2012 @ 8:40PM
Source : Dow Jones News
Stock : Ing Grp., N.V. (ING)
Quote : 20.19  -0.38 (-1.85%) @ 4:00PM

ING Mulls Sale of Japan Unit

Ing (NYSE:ING)
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Nomura is working on a potential sale or refinancing of ING Groep NV's (ING) Japanese business, the Financial Times reported on its website Friday, citing people familiar with the situation.

The Japanese activities, in particular the variable annuity business, has attracted the least interest among the three main units up for sale by ING, the FT reported.

Goldman Sachs Group (GS) and JPMorgan Chase (JPM)--the main advisers on ING's sale of its Asian insurance assets--Nomura and ING all declined comment, the FT said.

Full story: http://www.ft.com/intl/cms/s/0/584922d0-cbd0-11e1-916f-00144feabdc0.html#axzz20OV eZqx

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