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Korea Life Shortlisted In Bid For ING's Asian Life Insurance Operations - Source

SEOUL -(Dow Jones)- Korea Life Insurance Co. (088350.SE) has been shortlisted in its bid to acquire ING Groep N.V.'s (ING) Asian life insurance business, a person familiar with the situation said Thursday. Korea Life was among several initial bidders for the Asian life insurance arm of ING, including MetLife Inc. of the U.S., Canada's Manulife Financial Corp. and Hong Kong's AIA Group Ltd., according to people familiar with the matter. The sales process allows for bidders to bid for only part of the business, but Korea Life's bid is for the entire Asian operations. The price tag for the operations could potentially rise above $7 billion, according to analysts, making it potentially one of the biggest insurance deals in the Asia-Pacific region ever. -By Kanga Kong, Dow Jones Newswires; +82-3700-1900; kanga.kong@dowjones.com

Stock News for Ing (ING)
DateTimeHeadline
04/26/201622:30:00Chinese Bidders Expected in Upcoming Sale of ING Life Korea
04/26/201616:29:00Chinese Bidders Expected in Upcoming $3 Billion Sale of ING Life...
04/25/201611:28:00ING Capital LLC Finances $148 Million Loan for Acquisition and...
03/16/201606:20:00Anheuser-Busch InBev Looks to Sell Euro-Denominated Jumbo Bond...
03/02/201610:02:39Notice of Iran-related Disclosure Filed Pursuant to Section 13(r)(3...
03/02/201609:42:28Annual and Transition Report (foreign Private Issuer) (20-f)
02/26/201607:11:42Report of Foreign Issuer (6-k)
02/12/201610:17:56Form 13f Holdings Report (13f-hr)
02/08/201606:07:46Report of Foreign Issuer (6-k)
02/04/201604:29:00ING's Profit Beats Expectations -- Update
02/04/201602:20:00ING's Profit Beats Expectations
02/04/201602:08:00ING's Posts Better-Than-Expected Fourth-Quarter Results
01/28/201615:50:30Statement of Ownership (sc 13g)
01/28/201612:09:09Report of Foreign Issuer (6-k)
01/21/201608:56:50Report of Foreign Issuer (6-k)
01/13/201609:14:00China's Better-than-Expected Trade Numbers Raise Questions
01/13/201601:50:00Correction to China Exports Story
01/13/201600:30:00Chinese Exports Post Biggest Decline Since 2009
01/13/201600:20:00Chinese Exports Post Biggest Decline Since 2009
01/12/201606:07:12Report of Foreign Issuer (6-k)

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