Aegon Ltd
AGN: XAMS (NLD)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€6.30 | Bhhrp | Ctfbmbmxq |
Aegon Announces Sale of Dutch Operations
Aegon has announced a tie-up with ASR Nederland for its Dutch operations. The announcement is essentially a sale to ASR of Aegon’s Dutch pension, life, nonlife, banking, and mortgage origination business. For this, Aegon will receive EUR 2.5 billion in gross cash proceeds and a 29.99% stake in ASR. Bewilderingly, Aegon’s Dutch asset-management activities will remain part of Aegon, as Aegon will become the manager of the backing general account, premium pension institution, and the ASR mortgage fund investments.