ING to Sell 50% Stake in ING-BOB Life to BNP Paribas Cardif

ING (NYSE: ING ) announced today that it has agreed to sell its 50% stake in its Chinese insurance joint venture ING-BOB Life Insurance Company to BNP Paribas Cardif, the insurance arm of BNP Paribas (OTC: BNPQY ). The transaction, which is subject to regulatory approval, is not