AMSTERDAM--Dutch insurance company Aegon NV (AGN.AE) said
Tuesday that it will take over Eureko's life insurance and pension
business in Romania, further strengthening Aegon's position in the
Central and Eastern European region.
MAIN FACTS
- Eureko is fully owned by Achmea.
- Aegon has been active in Romania since 2007 and also has
operations in Hungary, Poland, the Czech Republic, Slovakia and
Turkey. Moreover, Aegon recently announced its entrance into
Ukraine with the acquisition of the fifth largest life insurance
company in the country.
- The transaction is expected to close in the second half of
2013, pending regulatory approval.
- Eureko's Romanian life insurance portfolio and pension fund
business will be integrated into the operations of Aegon
Romania.
- Following the transaction, Aegon Romania will become the
country's third largest pension provider, with approximately
650,000 pension fund members, and its life insurance portfolio will
become one of the ten largest in the country.
- By Amsterdam Bureau, Dow Jones Newswires;
amsterdam@dowjones.com
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