NN Group Nears $740 Million Deal for MetLife Europe Units
(Bloomberg) -- Dutch insurer NN Group NV is in talks to buy some of Metlife Inc.’s European life insurance assets for around $740 million, according to people familiar with the matter.
A deal could be reached as soon as next week for the units in Greece and Poland, said the people, who asked to not be identified because the matter isn’t public. No final decision has been made, talks could fall through or other bidders could emerge, they said.
Representatives for MetLife and NN Group declined to comment.
New York-based MetLife is selling the assets as it seeks to streamline its global business. Its operations in Europe, the Middle East and Africa reported adjusted earnings of $327 million in 2020, up from $282 million in 2019.
©2021 Bloomberg L.P.