AEGON closes the sale of STONEBRIDGE

8 March 2021 — Andrei Victor
AEGON announced that it has successfully completed the divestment of STONEBRIDGE, a UK-based provider of accident insurance products to GLOBAL Premium Holdings group, part of EMBIGNELL group.

As announced on October 9, 2020, the divestment will further simplify AEGON's business profile: "This is in line with AEGON's strategy to actively manage its portfolio of businesses, allocating capital to those businesses with a greater potential for an attractive return on capital, and where AEGON is well positioned for growth".

Under the terms of the agreement, AEGON sold STONEBRIDGE for a consideration equivalent to approximately GBP 60 million, consisting of the purchase price and dividends related to the transaction. "This excludes a contingent consideration of up to GBP 10 million. The transaction will not have a material impact on AEGON's capital position and results".

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