NU Online News Service, June 20, 5:20 p.m. – MetLife Inc., New York, says it has completed its previously announced $965 million acquisition of the formerly government-owned Aseguradora Hidalgo S.A., Mexico’s largest life insurer.
MetLife acquired Aseguradora Hidalgo through a bidding process conducted by the Mexican government. The employees’ right of first refusal has expired, and MetLife has received the final regulatory approvals to complete the deal, MetLife says.