ING Heard to Be in Second Round

ING Heard to Be in Second Round

M&A

ING is heard to be in the second round of bidding for its LatAm operations. According to new York-based M&A advisory bankers away from the deal, at least two different consortiums are involved in the bidding, being run by Goldman Sachs. One consortium, which bankers say include Mexico’s Banorte, and Peru’s Interbank. Chile’s Corpbanca is said to be involved in the second consortium. Chile’s Grupo Luksic, which owns Banco de Chile, is also reported to be involved. Several financial sponsors are a

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