MetLife (MET) has agreed to acquire Chilean pension fund administrator AFP Provida for $2B in a...

|By:, SA News Editor

MetLife (MET) has agreed to acquire Chilean pension fund administrator AFP Provida for $2B in a deal that is part of the U.S. company's strategy of expanding in emerging markets. Banco Bilbao Vizcaya Argentaria (BBVA) will sell its 64.3% stake in Provida to MetLife, which will carry out a tender offer for the other shares. (previous)  (PR)