SEOUL: Prudential Financial Inc, the No. 2 US life insurer, has hired Bank of America Merrill Lynch to advise on its possible bid for ING Groep NV's Asian insurance operations, South Korean media reported, in what is potentially Asia's second biggest insurance sale ever.
The Korea Economic Daily said that small local insurer Korea Life Insurance Co Ltd was also looking into a takeover bid for all of ING's Asian insurance assets, citing unnamed industry sources.
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