Tag - according to industry sources Wednesday. Asian buyout firm MBK Partners plans to sell its stake in the South Korea’s fifth-largest insurance company by assets in a deal estimated at $3 billion.

ING Life Korea sale process begins

The sale process for ING Life Korea has commenced, according to industry sources Wednesday. Asian buyout firm MBK Partners plans to sell its stake in the South Korea’s fifth-largest insurance company by assets in a deal estimated at $3 billion. MBK, which bought ING Life Korea in 2013 from ING Group at $1.7 billion, kicked off the sale process by sending out financial information to potential bidders. Morgan Stanley is the main manager of the deal. More than a dozen potential bidders [...]

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