Administradora de Fondos de Pensiones-ProvidaNYSE
Aug. 29, 2013, 9:28 AM
- MetLife (MET) commences its tender offer for all the stock of Chilean pension fund administrator Provida (PVD).
- The acquisition was announced last February and is part of the insurer's plan to look to emerging markets for growth. Spain's BBVA has sold its 64% stake in the company to Met and the tender offer is for the remaining shares still outstanding.