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Franco-Belgian financial services group Dexia SA
DXBGF agreed to sell its Turkish life insurance business to MetLife Inc
MET for 162 million euros ($229.3 million).
The transaction is likely to close by the end of 2011. MetLife will buy Dexia's 99.86% stake in DenizEmeklilik, the life insurance and pension unit of DenizBank. Dexia bought Denizbank in 2006.
MET shares dropped 0.63% to close at $40.99 on Friday.
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from Benzinga's Company news.© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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