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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Aegon Ltd | NYSE:AEG | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.07 | 1.13% | 6.24 | 6.32 | 6.151 | 6.16 | 1,977,592 | 22:36:24 |
From May 2019 to May 2024
AMSTERDAM--Dutch insurance company Aegon NV (AGN.AE) said Monday it sells its stake in the joint venture with Unnim Banc.
MAIN FACTS:
- Aegon sells its 50% stake in its life, health and pension joint venture with Unnim Banc to Unnim for a total consideration of EUR353 million.
- The sale will result in a book gain of approximately EUR105 million before tax.
- The transaction will close during the second quarter of 2013.
- Aegon's share in underlying earnings before tax of the joint venture totaled EUR20 million in 2012.
- The divestment of the stake by Aegon is a consequence of the consolidation within the Spanish banking sector.
- Aegon maintains a long-term commitment to Spain and has recently formed an exclusive strategic partnership with Banco Santander to distribute life and general insurance products through its network of 4,600 bank branches. The alliance provides access to a potential client base of 12 million individuals across the country.
- By Amsterdam Bureau, Dow Jones Newswires; amsterdam@dowjones.com
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