Blackstone to support ex-AIA CEO’s ING Asia bid – report
The Blackstone Group has reportedly agreed to support Mark Wilson, former chief of AIA Group, in his bid for ING’s Asia insurance unit. The sale is expected to generate around $7 billion, with Wilson’s consortium targeting ING’s Southeast Asian business, which could be worth more than $2 billion.
According to Reuters, final bids are due on July 16 and the likes of AIA, Canada's Manulife Financial Corp. and Japan's Dai-ichi Life Insurance are expected to be among the participants. However, early...
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