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ING sells Malaysian insurance unit to AIA for 1.3 bln euros

AMSTERDAM, Oct 11 (Reuters) - ING said late on Wednesday it has agreed to sell its Malaysian insurance unit to pan-Asian insurer AIA Group Ltd for 1.3 billion euros ($1.68 billion) in cash, kicking off the Dutch group's long-awaited divestment of Asian assets. ($1 = 0.7751 euros)

(Reporting by Sara Webb; Editing by Gary Hill)

((sara.webb@thomsonreuters.com)(+31 20 504 5000)(Reuters Messaging: sara.webb.thomsonreuters.com@reuters.net))

Keywords: ING AIA/MALAYSIA