Macquarie, UOB place bids for ING Asia arm: sources

Macquarie Group , U.S.-based Principal Financial Group and Singapore's United Overseas Bank are among suitors that have submitted bids for ING's Asian asset management business in a deal that may be worth ...

HONG KONG (Reuters) - Manulife Financial Corp and Metlife are among the companies that have submitted first round bids for ING's entire Asia life insurance business, sources said on Saturday, in what could be the largest Asia M&A insurance deal ever. ING's long awaited sale of Asian life insurance and the asset management units will help the Dutch bancassurer to partly repay the 3 billion euros ($3.81 billion) of state aid plus the 50 percent premium it still owes the Dutch government. The bids were submitted late on Friday and the indicative offers ranged between 6-7 billion euros ($7.6-$8.

HONG KONG (Reuters) - A wide range of suitors, from the son of Asia's richest man and a former rugby player in New Zealand to more established players including AIA Group and Manulife Financial Corp , are expected to submit binding bids on Monday for ING Groep's Asia insurance business in a deal that could top $7 billion. ING is selling its Asian life insurance and its asset management units in the region as it needs to repay bail-out funds it received from the Dutch government during the 2008 financial crisis. Since the bail-out, ING has sold 15.2 billion euros ($18. ...

By Saeed Azhar and Denny Thomas SINGAPORE/HONG KONG (Reuters) -

HONG KONG (Reuters) - Hong Kong businessman Richard Li, the younger son of Asia's ri

HONG KONG (Reuters) - Asian insurer AIA Group Ltd has emerged as the front-runner to buy ING's Malaysia and Thailand insurance operations, sources with knowledge of the matter said, in a deal that could be worth about $2 billion. AIA's purchase of ING's Southeast Asian business would be a key step forward in the Dutch group's long and complicated effort to auction off its Asia business. "AIA has made some headway and they are already engaged with the regulators," said one person familiar with the discussions. ...

HONG KONG (Reuters) - Hong Kong businessman Richard Li, the younger son of Asia's richest man, is buying ING's Hong Kong, Macau and Thailand insurance units for $2.14 billion in cash, bringing the Dutch financial services company a step closer to paying off its state bailout.

SINGAPORE/HONG KONG (Reuters) - Royal Bank of Canada and Credit Suisse are among the