| Press release
ING to sell Malaysian investment management business to Kenanga
ING announced today that it has reached an agreement to sell its 70%-stake in ING Funds Berhad (IFB), ING’s investment management business in Malaysia, to Kenanga Investors Berhad (Kenanga Investors), a wholly owned subsidiary of K & N Kenanga Holdings Berhad (Kenanga). ING's joint venture partner Tab Inter-Asia Services Sdn Berhad has also agreed to sell its 30% stake to Kenanga Investors.