METLIFE TO PURCHASE SK LIFE INSURANCE FOR US$280 MLN: SOURCES. (13-JAN-05) AsiaPulse News

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METLIFE TO PURCHASE SK LIFE INSURANCE FOR US$280 MLN: SOURCES.

Publication: AsiaPulse News

Publication Date: 13-JAN-05

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SEOUL, Jan 13 Asia Pulse - U.S.-based MetLife Inc. is to buy SK Life Insurance Co., South Korea's ninth-largest life insurer, for 290 billion won (US$280 million), industry sources said Thursday.

MetLife will purchase SK Network's 71.7-percent stake in SK Life and another 25.65-percent stake held by affiliates such as...

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