Reported 2 days ago
MetLife Inc. has reached an agreement to acquire PineBridge Investments' assets outside of China for $800 million from Richard Li’s Pacific Century Group. This purchase, aimed at enhancing MetLife's asset management capabilities, will also include potential additional payments based on financial performance by 2025. With this acquisition, MetLife Investment Management expects to manage over $700 billion in total assets, significantly increasing its global reach in the investment market.
Source: YAHOO