ING Group N. V. has agreed to acquire a benefit plan administrator that is jointly owned by Citigroup Inc. and State Street Corp.
ING, Amsterdam, says it will pay $900 million for 100% of CitiStreet L.L.C., Quincy, Mass.
CitiStreet runs a U.S. defined benefit pension business, a U.S. health and welfare business and a retirement services business in Australia.
