Cleary Gottlieb Steen & Hamilton and Allen & Overy (A&O) have advised on the KRW1.84trn (£1.7bn) sale of ING's South Korean life insurance business to private equity firm MBK Partners. ING Life Korea is the largest foreign life insurer in the country, while MBK is Korea's biggest private equity group, with the deal among the country's largest-ever insurance transactions.
September 05, 2013 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Cleary Gottlieb Steen & Hamilton and Allen & Overy (A&O) have advised on the KRW1.84trn (£1.7bn) sale of ING’s South Korean life insurance business to private equity firm MBK Partners.
ING Life Korea is the largest foreign life insurer in the country, while MBK is Korea’s biggest private equity group, with the deal among the country’s largest-ever insurance transactions.
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