Tesla Loses Key Shareholder as Panasonic Sells Stake for $3.6B
Tesla loses electronics giant Panasonic, one of its key battery-making partners, as a key shareholder.
, the Dutch financial company, has reportedly received up to five bids for its private banking assets.
The bids are for some or all of ING's private bank assets,
reports, citing a source familiar with the process. Offers for the entire business are coming in close to $2 billion.
Two of the definite bidders are Swiss firm
reports, citing multiple sources. The identities of the additional bidders wasn't clear.
have been rumored to be
for ING's private banking operations.
reports a source familiar with the process saying bids had been submitted for ING's Asian private banking unit, but were still coming in as of Thursday for the Swiss operations.
ING has agreed to sell several non-core businesses in an effort to streamline its operations and pay down a loan of 10 billion euros it received from the Dutch government last year to help it through the financial crisis.
-- Reported by Joseph Woelfel in New York
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