Reuters: ING's Asia Exit Plan Nears End as MBK Agrees to Buy South Korea Unit

ING Groep (ING.AS: Quote, Profile, Research, Stock Buzz) 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 ($1.65 billion), Reuters reported.

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