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MetLife to buy BBVA's Chilean pension business for about $2 bln
February 1, 2013 / 6:21 AM / 5 years ago

MetLife to buy BBVA's Chilean pension business for about $2 bln

Feb 1 (Reuters) - MetLife Inc said it has agreed with BBVA to buy AFP Provida S.A., the largest private pension fund administrator in Chile, for about $2 billion in cash.

MetLife said BBVA, Spain’s second-biggest bank, has agreed to transfer its 64.3 percent stake to MetLife.

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