South Korea approves MBK's $1.8 bln purchase of ING unit - Reuters

South Korean financial regulators approved private equity firm MBK Partners' 1.84 trillion won ($1.75 billion) purchase of ING Groep's local insurance unit, writes Reuters. MBK and ING announced the deal in late August as the bailed-out Dutch firm is obliged to offload more than 50 percent of its Asian operations by the end of 2013.

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