ING says that on top of the deal price, Gruposura will take on €65 million in debt for the businesses, which include ING’s insurance, investment management and pension management activities. The deal does not include ING’s 36 percent stake in Brazilian insurer Sul America SA. ING has been selling operations to prepare for its European Union Commission-mandated split into one company for insurance and another for banking, after it was bailed out by the Dutch state during the 2008 financial crisis. It still owes €3 billion of the original €10 billion in support it received, and another €1.5 billion in penalties, with plans to pay back the balance in full by May 2012. Read more here. Semana International delivers news about Colombia in English. Find more in our home.