NN Group Gets EU Clearance to Buy MetLife's Businesses in Poland, Greece
07 Dicembre 2021 - 5:24PM
Dow Jones News
By Ian Walker
NN Group NV said Tuesday that it has received European
Commission approval to buy MetLife Inc.'s businesses in Poland and
Greece, as announced in July.
The Dutch insurance and asset-management company said it is
still waiting for approval from the Polish and Greek regulatory
authorities and expects both acquisitions to complete in the first
half of next year.
NN Group said on July 5 that it was buying MetLife's businesses
in Poland and Greece for a total of 584 million euros ($659.1
million).
It said at the time that the acquisitions will almost double its
existing customer base in Poland and Greece, and it expects to
welcome around 2.7 million new customers.
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
December 07, 2021 11:09 ET (16:09 GMT)
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