Allen & Overy (A&O) and Debevoise & Plimpton have advised on the sale of ING's Malaysian insurance operations to AIA Group. The deal, which completed last month after being announced in October, has seen AIA purchase the Dutch financial services company’s life insurance and employee benefits businesses in Malaysia, as well as taking a 60% stake in ING’s takaful Islamic insurance business, for a reported value of around $1.7bn (£1bn).
January 02, 2013 at 05:26 AM
1 minute read
The original version of this story was published on Legalweek
Allen & Overy (A&O) and Debevoise & Plimpton have advised on the sale of ING’s Malaysian insurance operations to AIA Group.
The deal, which completed last month after being announced in October, has seen AIA purchase the Dutch financial services company’s life insurance and employee benefits businesses in Malaysia, as well as taking a 60% stake in ING’s takaful Islamic insurance business, for a reported value of around $1.7bn (£1bn).
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