Manufacturing Industry
AEGON N.V. - AEGON, BRE:exclusive negotiations on pension fund merger.
PR Newswire UK Disclose, May, 2007
The Hague, May 29, 2007
AEGON and BRE Bank enter exclusive negotiations on pension fund merger
AEGON and BRE Bank have entered into exclusive negotiations on a possible
merger of their two Polish pension funds, PTE Ergo Hestia SA and PTE
Skarbiec-Emerytura SA. As part of these discussions, BRE Bank would grant AEGON
the option to acquire BRE Bank's shareholding in the merged pension funds. The
final agreements would be subject to approvals from the Polish Financial
Supervision Commission (KNF) and the Office of Competition and Consumer
Protection (OCCP). Currently, BRE Bank owns 100 percent of the shares and
voting rights in PTE Skarbiec-Emerytura, which manages the accounts of over
440,000 members*.
AEGON completed its acquisition of PTE Ergo Hestia, which has...
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