ING to Acquire Stake in Bank of Beijing

Bloomberg News
March 2005
American Banker;3/28/2005, Vol. 170 Issue 58, p20
Trade Publication
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.


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