AMSTERDAM: ING Groep NV, the largest Dutch financial company, may use proceeds from more than US$1.5bil of asset sales for acquisitions in Internet banking and life insurance in Asia, chief executive officer Michel Tilmant said.
Tilmant, 52, has announced the sale of seven units, including Baring Asset Management yesterday, since his promotion in April. The company would “re-deploy the capital in critical businesses,'' Tilmant said in an interview at ING's headquarters here.
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