ING to sell Taiwanese asset-management ops to Nomura

|About: ING Groep N.V. (ING)|By:, SA News Editor

ING (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)