Episode Details
Back to EpisodesAegon UK Sold, Transamerica Rises in US
Published 2 days, 9 hours ago
Description
Aegon sells UK business to Standard Life, creating UKs largest pensions and savings group. Aegon rebrands as Transamerica, focusing on US market. Standard Life acquires Aegon UKs operations, adding 3.7 million customers and 2,000 employees. Deal valued at £2 billion, with Aegon receiving £750 million in cash and 181.1 million new shares, giving it a 15.3% stake and board seat.
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