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Article: MetLife and Banco Santander to Restructure Joint Venture in Spain.
- Article from:
- Business Wire
- Article date:
- July 10, 2000
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Business Editors
NEW YORK--(BUSINESS WIRE)--July 10, 2000
Metropolitan Life Insurance Company and Banco Santander Central Hispano announced today that an agreement has been reached that will restructure their insurance joint venture, Seguros Genesis, in Spain.
After successfully completing the objectives set forth in the original joint venture established in 1988, MetLife and Banco Santander Central Hispano have decided to restructure their agreement to allow both partners to focus on their key strengths and maximize market potential.
The key elements of the agreement are: