MetLife purchases foreign Assets worth 0.8 billion USD from Pru for expansion: retains mainland Business.

PCCW (00008.HK) Chairman Richard Li's PCCW Solutions is selling Carlyle's assets located outside of China to MetLife Investment Management (MIM) for a cash price of $0.8 billion, with the deal expected to be completed next year. Additionally, based on Carlyle's Financial Indicators for 2025 and subsequent years, the transaction price could reach a maximum of $1.2 billion, approximately 9.3 billion Hong Kong dollars, excluding Carlyle's joint ventures and private equity businesses in China. In response to this transaction, PCCW Solutions indicated that it specifically intends to retain its mainland business and will focus on managing assets through Huatai-PineBridge Fund Management Company.

AASTOCKS23minutes ago

Financials Up Amid Deal Activity -- Financials Roundup

Dow Jones06:25

Top Midday Stories: Nordstrom to Be Taken Private by Founding Family, Mexican Retailer; Honda, Nissan Sign Merger MOU

MT Newswires00:43

Express News | Metropolis Group Agrees to Acquire Berry's Assets Outside of China

Breakings00:39

News Highlights: Top Financial Services News of the Day - Monday at 11 AM ET

Dow Jones00:00

According to reports, MetLife (MET.US) will reach an agreement to acquire Li Zeqi's investment in Overseas Assets in China.

According to reports from Bloomberg, the USA's MetLife Insurance Company (MET.US) is about to reach an agreement to acquire PineBridge Investments' assets overseas from Li Zekai's PCCW Group. The report indicates that the two companies are negotiating the details of a trade, with the announcement expected to be made soon. The acquisition is valued at approximately 1.3 billion to 1.4 billion USD.

AASTOCKSDec 23 22:22