ING Said to Drop Plan to Buy HSBC's Unprofitable Turkey Unit

  • Regulatory hurdles said to have contributed to bank's decision
  • HSBC and ING said to have been close to deal during the summer

ING Groep NV, the Netherlands’ largest lender, has abandoned a plan to acquire HSBC Holdings Plc’s unprofitable Turkish unit, according to four people with knowledge of the matter.

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