Nomura Holdings Inc, through Nomura Asset Management, will be purchasing ING Securities Investment & Trust Co, the Taiwanese investment unit of Dutch company ING Groep NV, Bloomberg reported.
South Korea's Financial Services Commission on Wednesday cleared MBK Partners' $1.75 billion acquisition of ING Groep's Korean insurer. MBK bought 8.2 million shares in ING Life Korea.
Banks bought more shares of ING Groep's US unit.
ING Groep raised USD 974 million from selling its New York-based US insurance business.
Swiss Re set to formalize a USD425 million investment for 12.3% of FWD.
According to five people, ING Groep might sell 43% of its stake in Vysya Bank and had been looking for a potential buyer for the transaction.
ING announced that they are selling their stakes in Chinese joint venture ING-BOB to BNP Paribas Cardif.
Bids, mergers, acquisitions and disposals.
Bids, mergers, acquisitions and disposals involving European, U.S. and Asian companies.