MetLife (MET) Slumps Amid Efforts to Expand Emerging Market Presence (BBVA)

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MetLife (MET) Ticks Higher; Will Acquire AFP Provida in $2B Deal

February 1, 2013 11:34 AM EST

MetLife, Inc. (NYSE: MET) shares are higher on the session following an earlier announcement that it would acquire AFP Provida from BBVA in a $2 billion deal. The stock is up 2 percent on the session.

MetLife's release is below:

MetLife, Inc. announced today it has entered into a definitive agreement with Banco Bilbao Vizcaya Argentaria, S.A. (Nasdaq: BBVA) to acquire AFP Provida S.A. (Provida), the largest private pension fund administrator in Chile. Under the terms... More

MetLife (MET) Says In Talks to Buy BBVA’s Chilean Pension Business

January 29, 2013 5:31 PM EST

MetLife, Inc. (NYSE: MET) confirmed a statement issued today by Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) that MetLife is negotiating the acquisition of BBVA's subsidiary, AFP Provida S.A., the largest private pension fund administrator in Chile by assets under management. No... More