NN Group Said to Near $740 Million Deal for MetLife Europe Units

Dutch insurer NN Group NV is in talks to buy some of Metlife Inc.’s European life insurance assets for around $740 million, according to people familiar with the matter.

A deal could be reached as soon as next week for the units in Greece and Poland, said the people, who asked to not be identified because the matter isn’t public. No final decision has been made, talks could fall through or other bidders could emerge, they said.

Representatives for MetLife and NN Group declined to comment.

The talks come as NN, which has been facing pressure from activist Elliott ...