ING to sell Taiwanese business

Financial service group ING, which has over 1 million UK customers, has agreed to sell its Taiwanese life insurance business to Fubon Financial Holding for $600 million (£351 million), a day after it got a cash injection from the Dutch government. Fubon will pay in shares and subordinated debt securities in a deal that will make ING a 5 per cent shareholder of the Taipei-listed financial services company

Marc Barber

Marc was editor of GrowthBusiness from 2006 to 2010. He specialised in writing about entrepreneurs, private equity and venture capital, mid-market M&A, small caps and high-growth businesses. More by Marc Barber