ING to Buy Final Santander LatAm Pension Fund

ING has agreed to acquire Argentine pension fund Origenes AFJP and annuity company Origenes Seguros de Retiro from Santander and Grupo Bapro for $280m, it says. The deal makes ING the largest pension fund manager and second largest annuity provider in Argentina. ING had agreed to purchase Santander’s Latin American pension business excluding Argentina in July.