Case study: Increasing Latin America’s pools of capital – GRUPOSURA’s $3.5bn purchase of ING Group’s Latin American pension fund business
Talking today about the process for the acquisition of ING Latin America. This transaction was not done overnight and was a result of a clear strategic vision and key success factors. Have a majority stake in property and casualty and Insurance businesses. In order to complete the process and consolidate, they decided an expansion plan was the best alternative.
They started with a strategic orientation and then decided on countries where they wanted to expand; Mexico, El Salvador, Dominican Republic, Panama, Peru, Chile and Uruguay. Responsible investment criteria where they look at a standard of Growth potential and economic and social performance. The ISC helped them put together a best practices code. If you look at all the opportunities in Latin American and you look at the assets of ING, you will see that it makes perfect sense.