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MetLife signs deal to acquire asset manager PineBridgeThe deal consideration includes $800m cash at closing, and another $400m contingent on future financial and earnout targets.
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 between the U.S. insurer and a company owned by Hong Kong billionaire Richard Li is expected to close in 2025.
New York-based insurer’s arm will pay US$800 million for PineBridge, which manages about US$100 billion in assets.
MetLife struck a deal to buy PineBridge Investments, a global asset manager with about $100 billion in assets under ...
PCG bought PineBridge from American International Group Inc. for $500 million in 2010 as the insurer was selling assets to ...
PineBridge, established in 1996 as part of AIG, was later acquired by Pacific Century Group in 2010. It currently manages approximately $100bn in assets. The deal is slated for completion in 2025 ...
MetLife Acquires PineBridge's Non-CN Assets for US$800M; Pacific Century Group Retains CN Operations
PCCW (00008.HK) Chairman Richard Li's Pacific Century Group has sold PineBridge Investments' assets outside mainland China to MetLife Investment Management for US$800 million in cash. The ...
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