Bids for ING's Asian Life Insurance Due Friday - Wall Street Journal

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BY ALISON TUDOR

HONG KONG—Some of the world's biggest insurers are expected to make offers for ING Groep NV's Asian life-insurance arm by Friday, in an auction that could give the winner a footprint in some of the fastest-growing insurance markets globally.

The first round of bids are due Friday, with the value of the operations, which rank No. 4 in the region by sales, potentially going above US$7 billion, according to analysts. ING estimated the book value at €5.8 billion (US$7.38 billion) as of Dec. 31, excluding part of its Japanese business.

The company is a rare commodity in the industry because ...

BY ALISON TUDOR

HONG KONG—Some of the world's biggest insurers are expected to make offers for ING Groep NV's Asian life-insurance arm by Friday, in an auction that could give the winner a footprint in some of the fastest-growing insurance markets globally.

The first round of bids are due Friday, with the value of the operations, which rank No. 4 in the region by sales, potentially going above US$7 billion, according to analysts. ING estimated the book value at €5.8 billion (US$7.38 billion) as of Dec. 31, excluding part of its Japanese business.

The company is a rare commodity in the industry because ...