MetLife Group has agreed to acquire PGIM's Assets outside of China from Hong Kong billionaire Li Ka-shing's CK Hutchison Holdings. This USA Insurance company aims to promote the growth of its Asset Management Business. A statement released on Monday showed that MetLife's Institutional Asset Management business, MetLife Investment Management, will acquire a concentrated stake in PGIM for $0.8 billion, which manages approximately $100 billion in Assets. This Trade also includes an additional $0.2 billion linked to achieving specific financial goals by 2025 and another $0.2 billion tied to multi-year profits.