RRJ, Temasek back ING insurance unit
RRJ Capital and Temasek Holdings have agreed to invest EUR1.28 billion ($1.8 billion) in NN Group (NNG), the insurance unit of Dutch lender ING Group.
According to a release, ING will receive EUR750 million in cash from RRJ, EUR425 million from Temasek, and another EUR100 million from Temasek-owned Seatown Holdings, in exchange for subordinated ING notes...
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