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M&A Deal Summary

AIA Group Acquires ING Insurance Bhd.

On October 11, 2012, AIA Group acquired insurance company ING Insurance Bhd. from ING Groep for 1.3B EUR

Acquisition Highlights
  • This is AIA Group’s 1st transaction in the Insurance sector.
  • This is AIA Group’s largest (disclosed) transaction.
  • This is AIA Group’s 1st transaction in Malaysia.

M&A Deal Summary
Date 2012-10-11
Target ING Insurance Bhd.
Sector Insurance
Buyer(s) AIA Group
Sellers(s) ING Groep
Deal Type Divestiture
Deal Value 1.3B EUR

Target

ING Insurance Bhd.

Kuala Lumpur, Malaysia
ING Malaysia is the third largest insurer in Malaysia, serving more than 1.6 million customers and offering a suite of products including life, general, employee benefits as well as Takaful insurance products through a joint venture.

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Buyer(S) 1

Buyer

AIA Group

Hong Kong, China
Category Company
Founded 1919
Sector Insurance
Revenue 20.4B USD (2024)
DESCRIPTION

AIA Group provides life insurance based financial services. AIA Group was incorporated in 1919 and is headquartered in Hong Kong, China.

DEAL STATS #
Overall 1 of 4
Sector: Insurance M&A 1 of 3
Type: Divestiture M&A Deals 1 of 3
Country: Malaysia M&A 1 of 2
Year: 2012 M&A 1 of 4
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-27 NDB Aviva Wealth Management

Colombo, Sri Lanka

NDB Wealth’s comprehensive product offering encompasses three distinct services - Discretionary Portfolio Management, Private Wealth Management, and NDB Wealth Funds.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-19 Stanhope House

Quarry Bay, China

Stanhope House a model housing estate in hong kong.

Buy HK$2.4B

Seller(S) 1

SELLER

ING Groep

Amsterdam, Netherlands
Category Company
Founded 1762
Sector Financial Services
Employees60,000
Revenue 22.5B USD (2024)
DESCRIPTION
ING branch in central Barcelona.
ING branch in central Barcelona.

ING Groep is a diversified financial services company offering banking, investment, life insurance, and retirement services products and services. ING has operations throughout Europe, North America, and Asia. ING Groep was founded in 1762 and is based in Amsterdam, Netherlands.

DEAL STATS #
Overall 5 of 13
Sector: Insurance M&A 2 of 5
Type: Divestiture M&A Deals 5 of 12
Country: Malaysia M&A 1 of 2
Year: 2012 M&A 1 of 3
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-01 CBRE Clarion Securities

Radnor, Pennsylvania, United States

CBRE Clarion Securities (formerly ING Clarion Real Estate Securities) offers various listed real estate investment programs.

Sell $940M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-15 ING Bank of Canada

Toronto,, Ontario, Canada

ING Bank of Canada, operates as a direct bank that provides banking products and services to Canadians.

Sell CA$3.1B
Mergr

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