ADVFN - Advanced Financial Network.
HOME» NYSE » I » ING Stock Price » ING Stock News

Ing Share News

 Ing Groep N.v. Stock Price
ING Stock Price
 Ing Groep N.v. Stock Chart
ING Stock Chart
 Ing Groep N.v. Stock News
ING Stock News
 Ing Groep N.v. Company Information
ING Company Information
 Ing Groep N.v. Stock Trades
ING Stock Trades

Blackstone, Swiss Re Join Bid for ING Asian Assets

NEW YORK--Blackstone Group L.P. (BX) and Swiss Re AG (SREN.VX) are joining former AIA Group Ltd. (1299.HK) Chief Executive Mark Wilson in bidding for ING Groep NV's (ING, INGA.AE) Asian life-insurance arm, a person familiar with the situation told Dow Jones Newswires Wednesday. Blackstone is, so far, the only private-equity firm participating in the auction that could potentially raise $7 billion for the Dutch bank. MetLife Inc. (MET) of the U.S., Canada's Manulife Financial Corp. (MFC, 0945.HK), American International Group Inc.'s (AIG) Asian life insurer AIA Group Ltd. (AAGIY, 1299.HK) previously led by Mr. Wilson and Korea Life Insurance Co. (088350.SE) are all in the race for the ING Asian assets, the Wall Street Journal reported in May, citing people familiar with the matter. Also bidding for the assets is Hong Kong tycoon Richard Li. Mr. Li bought AIG's asset management firm in 2010 and has since renamed it PineBridge Investments. The composition of the Blackstone consortium is also notable as Mr. Wilson has been eager to re-enter the insurance business since parting with AIA in 2010. Despite a failed attempt for AIG to sell its Asian assets to Prudential PLC (PRU.LN), the insurer has installed Prudential's former chief executive Mark Tucker as chief executive. AIG still owns about 19% of AIA. Mr. Wilson was reported last year by the Financial Times to be raising funds to bid for British insurer Aviva PLC's (AV.LN) non-core emerging markets. Aviva said earlier this month it plans to exit a third of its units to boost its capital buffer. It has also hired two investment banks to conduct a strategic review and may consider breaking up the firm to boost value. -Write to Amy Or at amy.or@dowjones.com

Stock News for Ing (ING)
DateTimeHeadline
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)
04/17/201506:06:29Report of Foreign Issuer (6-k)
04/16/201514:52:53Report of Foreign Issuer (6-k)

Ing and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad