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M&A Deal Summary

Global Development Acquires ING Russia

On January 28, 2025, Global Development acquired financial services company ING Russia from ING Insurance Bhd.

Acquisition Highlights
  • This is Global Development’s 1st transaction in the Financial Services sector.
  • This is Global Development’s 1st transaction in Russia.

M&A Deal Summary
Date 2025-01-28
Target ING Russia
Sector Financial Services
Buyer(s) Global Development
Sellers(s) ING Insurance Bhd.
Deal Type Divestiture

Target

ING Russia

Moscow, Russia
ING Russia is a commercial bank provides services to corporate clients. ING Russia was founded in 1993 and is based in Moscow, Russia.

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Buyer(S) 1

Buyer

Global Development

Russia
Category Company
Sector Financial Services
DESCRIPTION

Global Development offers factoring services. Global Development is based in Russia.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Russia M&A 1 of 1
Year: 2025 M&A 1 of 1

Seller(S) 1

SELLER

ING Insurance Bhd.

Kuala Lumpur, Malaysia
Category Company
Founded 1973
Sector Insurance
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Russia M&A 1 of 1
Year: 2025 M&A 1 of 1
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