Chinatrust Financial has agreed to buy Metlife's assets in Taiwan for $180 million, three sources close to the situation said on Monday, giving Taiwan's top credit card issuer its long-awaited entry into the cash-rich local life insurance sector. Both companies are set to hold a news conference later on Monday to announce the deal, two of the sources said. No further details were immediately available. "The acquisition will be positive for Chinatrust in the longer term, as it can leverage its strong banking network into the insurance business," said Chen Tungli, a fund manager at Schroders in Taiwan.
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