MetLife Inc., the New York-based insurance giant, is reportedly in advanced discussions to acquire PineBridge Investments’ assets outside of China. According to a Bloomberg News report, the potential deal could be valued between $1 billion and $1.5 billion.
The assets under consideration are significant, with an estimated $100 billion in total assets under management. The talks are currently exclusive, indicating a serious interest from MetLife in expanding its portfolio.
PineBridge is primarily owned by a subsidiary of billionaire Richard Li’s Pacific Century Group (PCG), a notable private investment firm based in Asia.
While MetLife has not yet commented on the negotiations, PineBridge also declined to provide any details.
This acquisition could mark a strategic move for MetLife as it seeks to enhance its presence in global markets, tapping into PineBridge’s substantial asset base.
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