As of September 30, 2012, Provida had $45.3 billion in assets under management and 1.8 million contributors, both of which are the most in the Chilean pension industry.“The assets, customers and intellectual capital this transaction brings into the MetLife family of businesses will transform our operations in Chile,” said William J. Wheeler, president, the Americas, MetLife, Inc. “We have great appreciation for the Provida franchise, and we believe their talented employees will be key to helping us reach our growth targets in the market.”
MetLife To Acquire BBVA’s Chilean Pension Business For Approximately $2 Billion
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