PCG completes ING life insurance deal

Published: 2 Mar 2013 at 00.00
Newspaper section: Business

Pacific Century Group (PCG) has acquired the life insurance units of ING, the Dutch financial services giant, in Hong Kong, Macau and Thailand.

Richard Li, PCG's chairman, yesterday said the acquisitions mark the first step in his company's plan to develop a world class pan-Asian life insurance business to capitalise on the long-term potential of the insurance sector.

ING announced last October it reached an agreement to sell its life insurance, general insurance, pension and financial planning units in Hong Kong and Macau and its life insurance operation in Thailand to PCG for a combined US$2.14 billion in cash.

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buster
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Discussion 1 : 02 Mar 2013 at 15.061
Post this to my Facebook
Take overs -Mergers- News facts all over the world.
ONE question only.
My family has a couple of life insurance policies with ING.
up untill today.......2-3-2013 not a WORD to us as customers/clients about anything at all!!!!!!!!!!!!!!

I just love to see todays marketing guruu's work, inventing, scheme-ming roll over beethoven statements to the press and in the end they all forget who they work for............................ME!!
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PCG completes ING life insurance deal | Bangkok Post: business