Bidders for South Korea’s SK Life Insurance Co. offered about 400 billion won ($346 million) to buy the insurer, Maeil Business Newspaper reported yesterday. The newspaper said MetLife, HSBC and Manulife Financial were likely to be picked as preferred bidders. “The competition is high as all of the three firms offered bid prices of around 400 billion won,” it quoted a source as saying.
HSBC In Running To Buy SK Life Insurance In Korea
Bidders for South Korea's SK Life Insurance Co. offered about 400 billion won ($346 million) to buy the insurer, Maeil Business Newspaper reported yesterday. The newspaper said MetLife, HSBC and Manulife Financial were likely to be picked as preferred bidders.