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Aetna sells its financial services businesses to ING

This article was originally published in Clinica

Executive Summary

Aetna, the largest US health insurer, is to sell its financial services businesses to the Netherlands group, ING, for $7.7 billion after rejecting an earlier bid of $10 billion for the whole company. Under the agreement, ING will pay $5 billion in cash and take over around $2.7 billion of Aetna's debt.

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