US insurer MetLife Inc. is nearing a deal to buy PineBridge Investments’ assets outside of China from Hong Kong billionaire ...
The $800 million deal includes assets PineBridge has outside of China and would extend MetLife's asset management business.
The deal consideration includes $800m cash at closing, and another $400m contingent on future financial and earnout targets.
The asset management arm of U.S. insurer giant MetLife (MET.N), opens new tab has agreed to buy PineBridge Investments from Hong Kong billionaire Richard Li's Pacific Century Group (PCG ...
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New York-based insurer’s arm will pay US$800 million for PineBridge, which manages about US$100 billion in assets.
(Reuters) -The asset management arm of U.S. insurer giant MetLife has agreed to buy PineBridge Investments from Hong Kong billionaire Richard Li's Pacific Century Group (PCG) in a deal valued at ...