ING Group NV will sell its 50% stake in one of its two insurance joint ventures in China to China Construction Bank Corp., the companies said Tuesday.

ING said the deal will allow it to exit Pacific Antai Life Insurance Co., its 50-50 joint venture with China Pacific Insurance Group.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.