Apr. 15, 2013, 3:28 AMING (ING) reportedly intends to launch the sale of its 31% stake in Thailand's TMB Bank (TMBBY.OB) after the county's election on May 5. The Dutch firm is waiting until after the poll in the hope that it can induce Malaysia's two dominant banks - CIMB Group (CIMDF.OB) and Malayan Banking (MLYBY.PK), to bid for the stake, whose value of $1.2B is well above the €460M that ING paid for it in 2007. ING has been selling assets around the world in order to repay a bailout. | Apr. 15, 2013, 3:28 AM | Comment!
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