Weekly Digest: MetLife in talks to buy PineBridge ex-China; Aware Super launches UK property strategy
US insurance giant eyes PineBridge acquisition outside China; Aware Super commits $1.3 billion to UK real estate; Taiwan's Private School Fund awards global advisory mandate; AIA gets nod for two new China branches; and more.
TOP NEWS OF THE WEEK
US insurer MetLife is in advanced talks to buy PineBridge Investments’ assets outside of China, people familiar with the matter said, in a deal that could be valued at $1 billion to $1.5 billion.
The talks are exclusive for assets under management amounting to about $100 billion, the people said, asking not to be identified because the matter is private. PineBridge is majority-owned by Hong Kong billionaire Richard Li’s holding company, Pacific Century Group…
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