ING (ING.AS) will sell most of its real estate management operations for about $1 billion to U.S.-based property broker CB Richard Ellis Group (CBG.N), helping the Dutch bancassurer to pay down state aid. ING said in a statement on Tuesday that the deal would give it an after-tax gain of about 500 million euros, including two smaller deals. The bank still needs to pay back 5 billion euros in state aid plus costs, following a 2008 government bailout during the credit crisis.
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