Market Chatter: MetLife Said to Be Close to Buying PineBridge's Ex-China Assets

MT Newswires Live12-23 20:53

MetLife (MET) is closing in on a deal to purchase PineBridge's assets outside of China from Pacific Century Group, Bloomberg reported Monday, citing people familiar with the matter.

The companies could announce a deal valuing PrineBridge's ex-China assets at about $1.3 billion to $1.4 billion as soon as Monday, the people reportedly told Bloomberg.

MetLife did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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