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ING Life Allowed to Acquire Other Insurance Firms.
Jan. 9--Encouraged by the strong growth of its joint venture in Thailand, ING Group, a Netherlands-based financial institution, has given a green light for the company to acquire other life insurers to expand its business.
"We are now doing a feasibility study on the acquisitions with three or four life companies," said James Brown, chief executive officer of ING Life Limited, a joint-venture life insurer of the ING Group and the Osotspa Group, a local consumer products firm.
He declined to identify the firms but a company source said candidates were among "those whose parent companies want to divest their stakes here".
"The acquisition talks ...
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