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ING Said to Approach Invesco, AMP on Asset Management Sale

ING Groep NV, seeking to sell its asset-management division in Asia, has approached potential buyers including Sumitomo Mitsui Financial Group Inc. and Invesco Ltd., four people with knowledge of the matter said.

The largest Dutch financial-services company has sent information on the unit to potential bidders that may also include Commonwealth Bank of Australia, Bank of New York Mellon Corp. and Schroders Plc, said the people, who declined to be identified as the process is confidential. ING is asking for non-binding offers by around late May, one person said.