INGs Asia exit plan nears end as MBK agrees to buy South Korea unit

edged closer to completing its year-and-a-half-old Asia divestment plan after private equity firm MBK Partners agreed to buy its South Korean insurance unit for total cash proceeds of 1.84 trillion won (1.05 billion pounds).Under the agreement announced on Monday, the bailed-out Dutch insurer will retain about a 10 percent stake in the South Korean unit and allow MBK to use the ING brand for up …

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