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Kyobo Life plans to buy stake in ING’s South Korean insurance unit

India Infoline News Service | Mumbai |

However, no financial details about the bid have been provided.

South Korea’s Kyobo Life Insurance said that it has made a bid to acquire stake in ING Groep NV's South Korean insurance unit, according to a media report.

However, no financial details about the bid have been provided.

In November 2012, ING Groep NV signed an agreement with European regulators to sell more than 50% of its Asian operations by the end of 2013, the report added.
 

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