ARGENTINA - ING has announced the takeover of Argentine pension fund Origines AFJP and annuity company Origenes Seguros de Retiro in a deal worth US$280m, making ING the largest pension fund manager and the second largest annuity provider in the region.
Under the deal's terms, ING has taken possession of the businesses from the joint venture partners Santander (59.2%) and Grupo Bapro (40.8%). At the end of the Argentinean fiscal year in June, th...
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