Creating and distributing additional copies is prohibited without the permission of the publisher. Contact subscriptions@latinfinance.com.

BBVA Exits Chilean Pension

Feb 4, 2013

MetLife and BBVA have put terms on the anticipated sale of the Spaniard’s AFP Provida Chilean pension unit to the American insurer, with the $2bn value generally seen as fair. In the deal, BBVA has agreed to sell its 64.3% of Provida for $1.52bn, and MetLife will tender publicly for the remainder, the two parties say. MetLife will offer holders $6.04 per share for each of the 118m shares making up the public float. Provida holders can also...

To continue reading please take a free trial, subscribe or login below.


Already have an account?

Subscribe

Subscribe now for unlimited access to all current and archive news, data and market analysis. 

Subscribe

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial

LatinFinance Events

Poll

Is recent bond market volatility the end of easy borrowing for LatAm issuers?

Vote    



  1. Institutional wealth – pension funds: The next generation
  2. No Fear on Long-Term Investment: AmBev
  3. Debt investor scorecard: Beating the benchmark
  4. Brazilian investor scorecard: Sitting tight
  5. Man of the year: Seize the moment


Popular Searches


“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management


Change font size: Switch to default font size Switch to medium font size Switch to large font size

All material is subject to strictly enforced copyright terms & conditions and cannot be repurposed or reproduced. © 2013 Latin American Financial Publications Inc.

Printing isn't available for this page.