By Ian Walker

Dutch insurance firm Aegon NV (AGN.AE) said Friday it is buying Mercer HR Services, LLC's U.S. defined contribution administration book of business in a deal that adds $71 billion to its assets under administration.

Aegon said it is buying the assets through an affiliate of its Transamerica unit and expects the deal to complete in the fourth quarter of this year, subject to regulatory approval. It isn't expected to have a material positive effect on Aegon's earnings in 2016.

Aegon didn't disclose how much it was paying for the business.

-Write to Ian Walker at ian.walker@wsj.com; @IanWalk40289749

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(END) Dow Jones Newswires

September 25, 2015 02:37 ET (06:37 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.
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