AEGON N.V. - AEGON and BRE Bank to merge Polish pension funds.

PR Newswire UK Disclose, June, 2007

 
The Hague, June 29, 2007 
 
AEGON and BRE Bank to merge Polish pension funds 
 
AEGON has signed an agreement to merge its Polish pension fund management 
company PTE Ergo Hestia SA with BRE Bank's PTE Skarbiec-Emerytura SA. Under the 
agreement, BRE Bank has granted AEGON an option to acquire BRE Bank's 
shareholding in the combined pension fund, once the merger process is complete. 
The purchase price shall be approximately EUR 100 million, increased by the net 
current asset value of PTE Skarbiec-Emerytura, the exact amount of which shall 
have been determined at the time of the merger of the companies. 
 
This agreement will strengthen AEGON's position in the rapidly-growing Polish 
pension market and marks another step toward further expanding the Group's 
businesses in...

            
        
    
    	    
                
                
	

		

					 
            Read the rest of this article with a Free Trial at HighBeam Research.
        				
 

    		            
	
                Premium Content Partnership | 
                	HighBeam Research provides an in-depth online archive library of reference works.