FACTBOX-Interested buyers for ING's insurance units - News

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FACTBOX-Interested buyers for ING's insurance units

By: AFX | 06 Nov 2009 | 06:08 AM ET

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Nov 6 (Reuters) - Dutch bancassurer ING Group NV is selling its worldwide insurance operations over the next four years as part of a restructuring ordered by the European Commission. A number of companies have already expressed interest in buying the operations, which collectively make up the world's sixth-largest insurer.

Following are some of the potential bidders, with the most recent parties first: * DELTA LLOYD The newly public Dutch insurer said on Nov. 5 it, along with parent Aviva, would also look at ING's assets on sale. * AVIVA Aviva's Chief Executive Andrew Moss said on Nov. 4 that the British insurer could take a look at ING's operations. Aviva raised more than 1 billion euros on Nov. 3 with the IPO of part of its stake in Dutch insurer Delta Lloyd. It retained a majority in the company though. * PZU Poland's largest insurer said on Oct. 26 it was interested in the ING assets and would ask for more information, Polish newspaper Dziennik Gazeta Prawna reported the next day. * MAPFRE The Spanish insurer said on Oct. 26 said it would look at the opportunities presented by ING's asset sale, though it was focused on organic growth. (Reporting by Ben Berkowitz; Editing by Jon Loades-Carter) Keywords: ING/INSURANCE (ben.berkowitz@thomsonreuters.com; +31 20 504 5011; Reuters Messaging: ben.berkowitz.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

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