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International

Aegon to sell Dutch insurance business to rival ASR for nearly $5 billion

October 27, 2022 Reprints

Dutch insurer ASR Nederland NV has agreed to acquire Aegon NV’s Dutch insurance operations in a cash and shares deal for around €4.9 billion ($4.93 billion), Reuters reported. The transaction, which is expected to close in the second half of 2023, is likely to strengthen ASR’s property and casualty insurance, disability insurance and pensions operations.

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Aegon to sell Dutch insurance business to rival ASR for nearly $5 billion

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