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Metlife’s Vietnamese Partner Looking to Revive JV Stake Sale

  • Sale of BIDV Metlife stake includes bancassurance deal
  • Transaction could value life insurer at up to $400 million

Bank for Investment and Development of Vietnam JSC is considering reviving the sale of its stake in a life insurance joint venture with Metlife Inc., according to people with knowledge of the matter.

The lender is in talks with potential advisers on the planned divestment which includes an insurance partnership, said the people, who asked not to be identified because the process is private. A stake sale could value BIDV Metlife Life Insurance LLC including the so-called bancassurance pact at $300 million to $400 million, the people said.