ING Group, under European Union orders to divest assets, is near an agreement to sell its Hong Kong and Thailand insurance businesses to Richard Li Tzar-kai, three people familiar with the matter said.
The Dutch bank is in final negotiations with Li - younger son of tycoon Li Ka-shing - and an announcement may come as early as today, said the people, asking not to be identified because the discussions are private.
via Business feed http://www.scmp.com/business/banking-finance/article/1064443/richard-li-close-deal-ings-insurance-units
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