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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
05/28/201506:08:59Report of Foreign Issuer (6-k)
05/26/201512:39:22ING to Sell Further Stake in NN Group
05/21/201506:06:26Report of Foreign Issuer (6-k)
05/14/201515:15:38Form 13f Holdings Report (13f-hr)
05/13/201506:08:46Report of Foreign Issuer (6-k)
05/12/201517:13:36Advent International to Buy Ammeraal Beltech
05/12/201506:08:52Report of Foreign Issuer (6-k)
05/11/201511:40:06ING Records Sharp Rise in Profit
05/08/201506:09:03Report of Foreign Issuer (6-k)
05/08/201506:09:02Report of Foreign Issuer (6-k)
05/07/201518:05:17ADR Shares End Mixed; Alibaba, Oi Trade Actively
05/07/201509:43:42Report of Foreign Issuer (6-k)
05/07/201506:16:44ING Records Sharp Rise in Profit
05/07/201506:15:32ING Records Sharp Rise in First-Quarter Profit -- Update
05/07/201502:16:52ING Profit Lifted by New Loans, Lower Provisions
05/04/201518:55:19ING Groep NV 1Q 2015 -- Forecast
05/04/201518:42:57BNP Paribas Polish Unit Doesn't Rule Out More Takeovers
04/30/201517:18:51ING Groep NV Upgraded by Zacks to Sell (ING)
04/29/201509:28:58ING Groep NV Lowered to Hold at Deutsche Bank (ING)
04/21/201506:08:50Report of Foreign Issuer (6-k)

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