Summary
MetLife, Inc. has announced the sale of its subsidiaries in Greece and Poland to NN Group N.V. for a total consideration of $738 million. This strategic divestiture is expected to contribute positively to MetLife's earnings per share starting in 2022 and thereafter, indicating a potential improvement in profitability and a streamlining of its international operations. The transaction is subject to regulatory approvals and other customary closing conditions, with an anticipated closing in the first half of 2022.
Key Highlights
- 1MetLife to sell subsidiaries in Greece and Poland to NN Group N.V.
- 2Total consideration for the sale is $738 million.
- 3An expected pre-closing dividend of $43 million is included in the consideration.
- 4Closing of the transactions is expected in the first half of 2022.
- 5The sale is subject to regulatory approvals and customary closing conditions.
- 6Transactions are expected to be accretive to MetLife's earnings per share in 2022 and beyond.
Frequently Asked Questions
MetLife is selling its subsidiaries in Greece and Poland to NN Group N.V.
The total consideration for the sale is $738 million, which includes an expected pre-closing dividend of $43 million.
The closing of the transactions is anticipated in the first half of 2022, subject to regulatory approvals and other customary closing conditions.
MetLife expects these transactions to be accretive to its earnings per share in 2022 and beyond, suggesting a positive impact on profitability.