ING to sell Baring Asset Management
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Financial group ING has agreed to sell Baring Asset Management to US groups MassMutual and Northern Trust and says it will make a net gain of 250 million euros (176 million pounds) on the deal.
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ING Groep, the largest Dutch financial services company, agreed Monday to sell London-based Baring Asset Management to two US buyers.
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BHP Billiton, the world&#39;s biggest mining company, and Alcoa Inc. said they plan to sell shares in their metal-processing and distribution venture.
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Financial services firm ING has been identified as the company that plans to yank $5 billion from the hands of Janus Capital Group.
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Embattled British bank Northern Rock  is preparing for a sell-off that could see its 100 billion pound ($200 billion) mortgage portfolio divided between the country's other major banks, the Sunday Telegraph newspaper said.
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Business News, MELBOURNE, Financial group HHG has agreed to sell its life insurance business, including Pearl, National Provident Life and London Life, for 1.025 billion pounds to Life Company Investor Group, and plans to return 875 million pounds of the
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IPE.com 22/Nov/04: GLOBAL - ING Group is to sell Baring Asset Managementâs investment management activities to MassMutual, while Northern Trust will buy the unitâs fund administration arm.
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Dutch bank and insurer ING Group said it will sell the activities of Baring Asset Management nearly a decade after it purchased the remains of the bankrupt British bank Barings, brought down by the Nick Leeson trading scandal in 1995.
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Hutchison Telecommunications International Ltd. plans to sell 69.3 million American Depositary Shares at $12.67 to $14.67 apiece in its initial public offering, the company said Monday in an amended regulatory filing.
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Investors in the market for mutual funds may want to consider a promising alternative: shares of asset management companies that sell the funds.
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Hollinger International confirmed in court papers that it is planning to distribute some of the proceeds from the sale of the Telegraph Group to shareholders, a move that
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Dutch bank ING, which paid Â£1 for Baring, the British investment bank brought to the brink by Nick Leeson, is to sell its remaining Baring division.
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The British Treasury said it would facilitate a sale of the troubled mortgage lender while trying to ensure that taxpayers will not have to pay for the bankâs rescue.
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Dominion Resources Inc.  said on Monday it would sell its Mid-Continent natural gas assets to Linn Energy LLC  for $2.05 billion, part of its bid to focus more on its power business.
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Investor's Business Daily - A New Jersey asset manager is looking to build an income-generating fund of exchange traded funds as it attempts to get ETFs into the 401(k) market.
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Egg, the Internet bank majority-owned by British insurer Prudential, said it had finalised a deal to sell its French savings and online broking business to Dutch financial services group ING.
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InterContinental Hotels Group Plc, the world&#39;s largest hotel operator, will sell more than half its properties as part of a plan to focus on franchising and return 750 million pounds ($1.