a.s.r. to take over Aegon’s Dutch businesses in €4.9 billion deal

The third largest Dutch insurance provider, a.s.r., will take over the Netherlands operations of Dutch multinational insurer Aegon. The company will also issue new ordinary shares to Aegon, giving the multinational’s shareholders a 29.99 percent stake in a.s.r. Once Aegon’s Dutch operations are absorbed over the next three years, a.s.r. “Combining Aegon Nederland’s business on our platform will reinforce our strengths in the Dutch market, significantly enhance our strategic positioning across both Life and Non-Life and improve our distribution and services capabilities,” said a.s.r.