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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Aegon Ltd | EU:AGN | Euronext | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.11 | 1.87% | 5.992 | 5.99 | 5.994 | 5.994 | 5.914 | 5.918 | 1,802,029 | 13:13:59 |
From May 2019 to May 2024
Aegon N.V. (AGN.AE), a multinational life insurance, pensions and asset management company headquartered in The Hague, Netherlands, said Monday it and BPVH--a foundation representing Dutch harbor workers and employers--reached an agreement on removing restrictions on the capital of the harbor workers' former pension fund Optas.
MAIN FACTS:
-Agreement ends a dispute that began when the Optas pension fund was transformed into an insurance company, that was subsequently acquired by Aegon in 2007.
-Aegon and BPVH have agreed to jointly file a request with a Dutch court to remove the restriction on the capital of Optas.
-Upon the court granting this request, Aegon will make a payment of 80 million Euros to BPVH, as well as offer harbor workers more favorable pension conditions.
-In addition, over the coming years Aegon will contribute up to EUR 20 million to help mitigate the effect of an announced reduction in the tax-free pension allowance in the Netherlands.
-Write to Ian Walker at ian.walker@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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