M&A Deal Summary |
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---|---|
Date | 2012-12-18 |
Target | Orange Policy Sdn Bhd |
Sector | Insurance |
Buyer(s) | AIA Group |
Sellers(s) | ING Groep |
Deal Type | Divestiture |
Deal Value | 1.7B USD |
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AIA Group provides life insurance based financial services. It has operations in 16 markets in Asia Pacific – wholly-owned branches and subsidiaries in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, a 92 per cent subsidiary in Sri Lanka and a 26 per cent joint-venture in India. AIA Group was incorporated in 1919 and is headquartered in Hong Kong, China.
DEAL STATS | # |
---|---|
Overall | 4 of 4 |
Sector (Insurance) | 3 of 3 |
Type (Divestiture) | 3 of 3 |
Country (Malaysia) | 2 of 2 |
Year (2012) | 4 of 4 |
Size (of disclosed) | 1 of 4 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2012-12-05 |
Aviva NDB Finance Lanka Pvt.
Colombo, Sri Lanka Aviva NDB Finance Lanka Private Limited operates as an insurance broker. |
Buy | $109M |
Category | Company |
---|---|
Founded | 1762 |
Sector | Financial Services |
Employees | 60,000 |
Revenue | 22.4B USD (2023) |
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, the Netherlands.
DEAL STATS | # |
---|---|
Overall | 7 of 13 |
Sector (Insurance) | 3 of 5 |
Type (Divestiture) | 7 of 12 |
Country (Malaysia) | 2 of 2 |
Year (2012) | 3 of 3 |
Size (of disclosed) | 3 of 7 |
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 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2013-05-01 |
Voya
New York, New York, United States Voya is a diversified financial services company, that offers retirement, investment, and insurance products within the US. Voya was founded in 1999 and is based in New York City. |
Sell | - |