Date:03/05/2008 URL: http://www.thehindu.com/2008/05/03/stories/2008050359731800.htm

Business - Briefly

ING buys Citigroup unit for $900 m

AMSTERDAM: Dutch banking and insurance group ING on Friday said it would buy pension planner CitiStreet from U.S. banking giant Citigroup and State Street Corp for $900 million. ING said the deal would provide significant operational synergies and make it one of the biggest U.S. pension players.