TITLE

ING to Acquire Stake in Bank of Beijing

AUTHOR(S)
Bloomberg News
PUB. DATE
March 2005
SOURCE
American Banker;3/28/2005, Vol. 170 Issue 58, p20
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that ING Group NV, the biggest Dutch financial services company, has agreed to buy a stake in Bank of Beijing Co. for $215 million. Acquisition by ING of a 20% stake in Bank of Beijing and two seats on its 15-member board of directors; Impact of economic growth in China on the demand for insurance and savings products there.
ACCESSION #
16558299

Tags: ING Groep (Amsterdam, Netherlands);  BANK of Beijing Co. Ltd.;  FINANCIAL services industry;  SALE of business enterprises;  CONSOLIDATION & merger of corporations;  ECONOMIC development;  CHINA -- Economic conditions -- 2000-

 

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