ING targets May launch of $1.2 billion Thai bank s

By Saeed Azhar and Denny Thomas SINGAPORE/HONG KONG (Reuters) - ING NV is aiming for May to launch the sale of its $1.2 billion stake in Thailand's TMB Bank , as the Dutch financial services company awaits the end of Malaysia's election to include more bidders, sources familiar with the matter told Reuters. The planned sale of the 31 percent stake comes as ING sheds assets to repay a 2008 bailout by the Dutch government. It also comes at a time when mergers and acquisition activity in Southeast Asia's banking sector is expected to hit a record level this year. ...