The Guardian Australia – Business ·business ·1 day ago

Aegon offloads 200-year-old UK business to Standard Life for £2bn

Aegon sold its nearly 200-year-old UK arm to Standard Life for £2 billion, finalizing the deal as part of its US-focused restructuring. This acquisition creates a pensions and savings group with 16 million customers and £480 billion in assets. Aegon will retain a 15.3% stake in Standard Life and appoint a director to its board.

Summary by Glance · The Guardian Australia – Business

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