Jan 29 MetLife Inc, the biggest U.S.
life insurer, said it was in talks with Banco Bilbao Vizcaya
Argentaria SA (BBVA) to buy the Spanish bank's Chilean
pension fund business.
MetLife said no agreement had been reached to buy AFP
Provida SA, the largest private pension fund in Chile.
Bloomberg first reported the talks last month, putting a
value of more than $2 billion on the business.
BBVA, Spain's No.2 bank, said last May it might sell its
Latin American pension fund businesses as it looks to shed
operations outside its main markets to reduce risks and meet
tougher capital rules.
MetLife shares closed at $37.72 on Tuesday on the New York