ING sale increases focus on pensions

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MEXICO - ING has agreed to sell its non-core insurance business to AXA to concentrate on its pension and annuity business.

The deal will cost AXA US$1.5bn (€1bn) and see it take over Seguros ING SA de CV and subsidiaries. Tom McInerney, ING executive board member and CEO for ING Insurance Americas, said the group sa...

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