ING has completed the sale of its insurance operations in Malaysia to AIA Group Ltd. (AIA) with a net transaction gain of approximately EUR 750 million after tax. The sale includes ING’s life insurance business, its market-leading employee benefits business and its 60-percent stake in ING Public Takaful Ehsan Berhad.
As announced on 11 October 2012, ING received a total cash consideration of approximately EUR 1.3 billion for the Malaysian insurance business……………………………………….Full Article: Source