Spain's BBVA completes sale of Chile's AFP Provida for $1.54 bln
MADRID Oct 2 (Reuters) - Spain's second-biggest bank BBVA said on Wednesday it had finalised the sale of 64.3 percent of Chilean pension fund administrator AFP Provida S.A. to MetLife for $1.54 billion.
MetLife agreed to buy the largest pension fund administrator in Chile for around $2 billion in February to expand its presence in emerging markets.
BBVA received $1.3 billion as the sales price and around $230 million in dividends from AFP, generating net capital gains of around 500 million euros ($676.28 million).
- Canada's parliament attacked, soldier fatally shot nearby |
- NOAA employee charged with stealing U.S. dam information
- Sweden gets two new sightings, as hunt for undersea intruder goes on
- Special Report: Traffickers use abductions, prison ships to feed Asian slave trade
- Autopsy of slain Missouri teen shows close-range gunshot