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MetLife buying PineBridge in asset management push
The $800 million deal includes assets PineBridge has outside of China and would extend MetLife's asset management business.
MetLife to Buy PineBridge Investments for Up to $1.2 Billion
MetLife struck a deal to buy PineBridge Investments, a global asset manager with about $100 billion in assets under management, from billionaire Richard Li’s Pacific Century Group for up to $1.2 billion.
US insurer MetLife acquires PineBridge Investments in up to $1.2 billion deal
MetLife Investment Management, a subsidiary of U.S. insurer MetLife said on Monday it has agreed to buy PineBridge Investments, a global asset manager, from Pacific Century Group in a deal valued at up to $1.
MetLife Investment Management to Acquire PineBridge Investments
MetLife has established accelerating asset management growth as a strategic priority as part of the company's New Frontier strategy. The acquisition of PineBridge will represent the tactical advancement of MetLife's newly rolled out strategy by adding significant scale to MIM while broadening the firm's global offerings and distribution reach.
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