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ING stake in China JV may tempt foreign firm

Leigh Powell
The Dutch firm sells its 33% holding in China Merchants FMC to its two local partners in an industry first. While any future sale of a stake in the firm could be pricey, it might be money well spent.
ING stake in China JV may tempt foreign firm

In a first for the Chinese fund industry, ING Group announced it had agreed to sell its entire 33.3% stake in a local joint venture to its two domestic partners.

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