Aegon offloads 200-year-old UK business to Standard Life for £2bn
Deal will create pensions and savings group with 16m customers and £480bn of assets, while Aegon focuses on US The Dutch financial services group Aegon has struck a £2bn deal to sell off its almost 200-year-old UK arm to Standard Life, as part of a US push in which the group will be rebranded as Transamerica. Standard Life, previously known as Phoenix Group, said the deal to buy Aegon UK will create a pensions and savings group with 16 million customers and £480bn of assets under administration.
Deal will create pensions and savings group with 16 million customers and £480bn of assets, while Aegon focuses on US
Business live – latest updates
The Dutch financial services group Aegon has struck a £2bn deal to sell off its almost 200-year-old UK arm to Standard Life, as part of a US push in which the group will be rebranded as Transamerica.
Standard Life, previously known as Phoenix Group, said the deal to buy Aegon UK would create a pensions and savings group with 16 million customers and £480bn of assets under administration.
Coverage from 1 source
Coverage by lean
- Unknown1
Comments
Sign in to join the discussion.
Sign in with SpryLogin