ING Completes Sale of Malaysian Investment Manager

April 24, 2013

On April 19, 2013, ING announced that it had completed the sale of its 70% stake in ING Funds Berhard, ING’s Malaysian investment manager, to Kenanga Investors Berhad, a wholly owned subsidiary of K&N Kenanga Holdings Berhad.

On April 19, 2013, ING announced that it had completed the sale of its 70% stake in ING Funds Berhad, ING’s Malaysian investment manager, to Kenanga Investors Berhad, a wholly owned subsidiary of K&N Kenanga Holdings Berhad.  The sale was originally announced on December 21, 2012, as part of ING’s process to divest its insurance and investment management businesses.

To read our December post relating to the transaction, please click here.

To read the press release, please click here.


Categories

Investment Manager M&A, Transactions