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ING completes sale of Malaysian investment management business

India Infoline News Service | Mumbai |

The sale is part of ING’s earlier announced process to divest ING’s insurance and investment management businesses

ING announced on 19th April that it has completed the sale of its 70%-stake in ING Funds Berhad, ING’s investment management business in Malaysia, to Kenanga Investors Berhad, a wholly owned subsidiary of K & N Kenanga Holdings Berhad. 

The sale, as announced on 21 December 2012, is part of ING’s earlier announced process to divest ING’s insurance and investment management businesses.

ING is a global financial institution of Dutch origin, offering banking, investments, life insurance and retirement services to meet the needs of a broad customer base.
 

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