MetLife expands in Mexico

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MEXICO - MetLife is to buy the pension fund operations of Grupo Actinver in a deal which will see the local asset manager selling its parent company's domestic products.

The Mexican arm of MetLife opened a pensions provider (afore) in 2005 to compliment its insurance business which services seven million customers. Afore Actinver has almost MXN11bn (US$1bn) in a...

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