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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| MetLife Inc | NYSE:MET | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.28 | 0.40% | 70.52 | 70.76 | 69.19 | 70.29 | 3,361,218 | 01:00:00 |
From May 2019 to May 2024
By Saurabh Chaturvedi
Insurer FWD Group, backed by billionaire Richard Li, has agreed to acquire MetLife Inc.'s (MET) Hong Kong insurance business for an undisclosed amount.
The Hong Kong registered business of FWD Group will buy MetLife Ltd. and Metropolitan Life Insurance Company of Hong Kong Ltd.--collectively known as MetLife Hong Kong--from MetLife Inc., it said a press statement Friday.
The company didn't disclose the terms and value of the deal, and said the transaction is subject to regulatory approvals.
"The acquisition of MetLife Hong Kong will further increase FWD's market share in Hong Kong," it said.
Write to Saurabh Chaturvedi at saurabh.chaturvedi@wsj.com
(END) Dow Jones Newswires
June 28, 2019 02:46 ET (06:46 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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