Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Retirement Planning > Retirement Investing

MetLife To Acquire Retirement Business In Mexico

Your article was successfully shared with the contacts you provided.

A large U.S. insurer is expanding its operations in Latin America.

MetLife Mexico S.A., Mexico City, a unit of MetLife Inc., New York, has agreed to acquire AFORE Actinver S.A. de C.V., Mexico City, from Actinver S.A. de C.V.

MetLife already has about 7 million insurance and retirement savings customers of its own in Mexico.

AFORE Actinver, founded in 2003 with the assets of an older retirement savings operation, has about 1.1 million savings and retirement planning clients, according to Actinver.

MetLife and Actinver are not disclosing the price of the deal.

The deal is subject to approval by the National Commission of Savings for Retirement and the Federal Competition Commission in Mexico.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.