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Kyobo Life Considering Buying ING's Asia-Pacific Operations - Report

SEOUL -(Dow Jones)- Kyobo Life Insurance Co. is considering acquiring ING Groep N.V.'s (ING) Asia-Pacific operations as part of its expansion strategy, the Maeil Business Newspaper reported Monday citing unnamed official at the South Korean company. Kyobo Life is contacting several investment banks for a lead manager and next week plans to request proposals from possible candidates, the report quoted the official as saying. KB Financial Group Inc. (105560.SE) and Samsung Life Insurance Co. (032830.SE) are also interested in ING's insurance assets, the report said. Newspaper website: http://www.mk.co.kr -By Seoul Bureau, Dow Jones Newswires; 822-3700-1900; djnews.seoul@dowjones.com

Stock News for Ing (ING)
DateTimeHeadline
11/27/201418:20:33Partners in Law (and Life) Go to Bat for Banks
11/25/201415:57:39EUROPE MARKETS: Euro Stocks Climb As German Economy Logs Modest...
11/25/201415:36:25EUROPE MARKETS: German Economy Logs Modest GDP Growth; Stocks...
11/20/201412:41:11India's Kotak Mahindra to Acquire ING Vysya Bank in $2.4 Billion...
11/20/201408:40:45ING Vysya Bank to Merge With India's Kotak Mahindra Bank
11/12/201420:07:47Correction to Dutch Bank ING to Cut Stake in Former U.S. Unit
11/07/201403:22:04ING Makes Final EUR1.025 Billion Payment to Dutch State
10/31/201411:58:14ING Groep NV 3Q 2014 -- Forecast
10/27/201413:24:17Banks Lead the Way as Europe Stocks Sag -- 6th Update
10/27/201411:52:21Banks Lead the Way as Europe Stocks Sag -- 5th Update
10/26/201408:51:36NL banken slagen ruim voor Europese stresstest - update
10/26/201408:15:26Nederlandse banken ruim geslaagd voor Europese stresstest
09/03/201408:43:10ING Sells Part of Voya Financial Stake for $1.2 Billion
08/13/201412:26:02European Banks Ink Loan to Russian Steelmaker
08/06/201417:51:35ADR Shares End Mixed; ING Group Shares Trade Actively
08/04/201410:50:11ING Groep 2Q 2014 -- Forecast
06/13/201411:07:37Poland's May CPI Falls Unexpectedly
06/05/201415:01:13ING Moves Ahead With NN Unit IPO -- Update
06/05/201402:42:07ING Moves Ahead With NN Unit IPO
05/16/201404:20:08ING Groep Completes EUR1.125 Billion Note Issue

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