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ING to sell Taiwanese asset-management ops to Nomura

Jan. 10, 2014 4:23 AM ETING Groep N.V. (ING) StockINGBy: Yigal Grayeff, SA News Editor
  • ING (NYSE:ING) has agreed to sell its Taiwanese asset management business to Japan's Nomura Asset Management and a group of investors.
  • The deal is in line with ING's strategy to divest its insurance and investment businesses as part of the terms of a bailout that the Dutch bank received during the financial crisis.
  • IM Taiwan has €5.2 in Assets under Management. Terms of the deal weren't disclosed. (PR)

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