USD1.73b (RM5.3b) - AIA market share will be 24.8%. ING own 60% of ING takaful Ehsan.
after deal: total agents 16,600 (from 7,400).
Banassurance with Public Bank.
AIA will be #2 increase fr 1% to 14% BA.
ING will get EUR1.3b with profit EUR 780m
ING book value only EUR600m (purchase price 2.2 times)
2011 earnings (purchase pr 16.9 times)
after deal: total agents 16,600 (from 7,400).
Banassurance with Public Bank.
AIA will be #2 increase fr 1% to 14% BA.
ING will get EUR1.3b with profit EUR 780m
ING book value only EUR600m (purchase price 2.2 times)
2011 earnings (purchase pr 16.9 times)
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