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Article: KOOKMIN BANK TO SELL 5.1 PCT OF ING LIFE INSURANCE TO ING GROUP.
- Article from:
- AsiaPulse News
- Article date:
- September 14, 2007
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SEOUL, Sept. 14 Asia Pulse - South Korea's leading lender Kookmin Bank (KSE:060000) said Friday it plans to sell a 5.1 per cent stake of its entire 20 per cent holdings in ING Life Insurance Co. to Dutch financial services firm ING Group.
At a board meeting earlier in the day, Kookmin Bank decided to sell some of its 1.4 million shares to ING Group and reduce its ...