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AEG Active Energy Group Plc

0.055
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Active Energy Group Plc LSE:AEG London Ordinary Share GB00BPG7NS80 ORD GBP0.0035
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.055 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Aegon: Didn't Need Government Aid To Survive, But No Regrets-Report

24/09/2009 9:21am

Dow Jones News


Active Energy (LSE:AEG)
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The state aid received by Dutch insurer Aegon NV (AEG) wasn't necessary to survive the financial crisis, Chief Executive Alex Wynaendts says in an interview published by Dutch newspaper Het Financieele Dagblad Thursday.

However, he adds he doesn't regret accepting the EUR3 billion capital injection, "because no one knew what would happen after the collapse of Lehman."

The CEO still expects his company to repay EUR1 billion to the Dutch government before Dec. 1, 2009. Aegon recently issued EUR1 billion in new shares to repay the government.

Wynaendts also says the company hopes to be able to repay the remaining EUR2 billion within three years of receiving the government life-line.

-By Amsterdam Bureau, Dow Jones Newswires; amsterdam@dowjones.com

 
 

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