ING To Sell Reinsurance Unit To Berkshire Hathaway
London — ING Group articulated it’s travelling to trade its reinsurance unit NRG N.V. to Warren Buffett’s Berkshire Hathaway Group for roughly 300 000 000 euros (USD 433 000 000). The cut is separated of ING’s scheme to rivet on its core policy, banking and plus management concerns, it told. ING will take a capital deprivation after tax of about 100 000 000 euros for 2007. A argument from Berkshire Hathaway wasn’t like a shot available.