ING Groep NV said it has agreed to sell 90% stake in Korea, the insurance arm of its approximately $ 1.66 one billion (12.4 one billion euros) of private equity firm MBK Partners.
ING Group said Monday it will be scheduled in the third quarter loss of 950 million euros after tax transactions.
ING CEO Hommen month in a statement said the move brings reorganization into the "final stage" because it is still trying to pay back the money received in 2008 the Dutch government bailout funds. EU competition authorities, under the guidance, ING must separate its insurance and banking.
This year after the listing of its U.S. insurance arm, which plans to spin off its 2014 European Insurance arm.
 



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