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as of 25/09/2020 17:03:07

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1.96000
1.95900
Buying rate
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1.72045
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2.19502
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1.84851
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1.76751
1.77251
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1.81129
БГ
KBC acquires MetLife’s 40% stake in UBB-MetLife joint venture 29 Decempber 2017

Today, MetLife and KBC reached agreement for KBC (through DZI, its Bulgarian insurance subsidiary) to acquire MetLife’s remaining 40% stake in UBB-MetLife Life Insurance Company AD, a life insurance joint venture between UBB and MetLife (“UBB-MetLife”). Earlier this year, as part of KBC’s acquisition of UBB and Interlease, KBC (through UBB) acquired 60% of UBB-MetLife, which will be now transferred to DZI. Thus, DZI will acquire 100% ownership over UBB-Metlife.

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