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04.01.2018
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.
