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ING is close to unloading its Malaysian and Thai insurance units to AIA Group for about $1.8B,...

Oct. 03, 2012 7:06 AM ETING Groep N.V. (ING) StockINGBy: Stephen Alpher, SA News Editor
ING is close to unloading its Malaysian and Thai insurance units to AIA Group for about $1.8B, according to sources. AIA jumped more than 2% on the news, as ING - more concerned with pleasing EU regulators than returns - might be selling prime assets for less than they're worth.

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