MetLife in Talks to Acquire PineBridge’s Ex-China Assets for Up to $1.5 Billion: Bloomberg

MetLife (NYSE: MET), the New York-based insurer, is in advanced talks to buy PineBridge Investments’ assets outside of China in a deal that could be valued at $1 billion to $1.5 billion, Bloomberg News reported on Monday.

The report said that sources indicate the talks are exclusive for assets under management worth about $100 billion.

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According to PineBridge’s website, a subsidiary of billionaire Richard Li’s Pacific Century Group (PCG), an Asia-based private investment group, majority-owns PineBridge.

MetLife and PineBridge declined to comment.

(Source: ReutersReuters)

Jennifer Tacker

Jennifer Tacker is a staff writer at ABBO News. She holds a B.A. from the University of Waterloo and a B.Ed from Western University. Jennifer has been active in the stock market and crypto sector for a decade. She specializes in technical analysis and trading strategies.

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