Three Bidders Left in ING Bidding

Three Bidders Left in ING Bidding

M&A

Prudential, MetLife and Principal are heard to be the three remaining bidders left in the sale of ING’s LatAm assets, according to New York-based bankers away from the deal. Bankers familiar with the situation say they expect final bids to come in around $3bn-$3.5bn, but final details are not expected for several weeks. Two consortiums that were looking at the assets, including Mexico’s Banorte, Peru’s Interbank, and Chile’s Corpbanca, have dropped out of the bidding, sources

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