NN Group acquires Notus Financial Advisors in Poland

2 June 2016 — Sabrina CANEA
On May 18th, NN Group announced that it has reached an agreement to acquire 100% of the shares of Dom Kredytowy Notus S.A. ("Notus"). Notus is a leading financial broker in Poland, offering mortgage loans, insurance, investment and savings products.

The transaction is not expected to have a material impact on the capital position and operating result of NN Group and will be funded by Nationale-Nederlanden Poland. It is subject to regulatory approval and is expected to close in the second half of 2016.

This transaction is in line with NN Group's strategy to achieve profitable growth through multi-access distribution in Europe, with Poland as an important growth market. The acquisition of Notus will further strengthen and diversify the distribution network of Nationale-Nederlanden Poland with over 350 of Notus' own agents in Poland's largest cities as well as nationwide coverage through franchises giving access to 600 financial advisors.

About Nationale-Nederlanden Poland

Nationale-Nederlanden Poland is the third-largest life insurer in Poland offering traditional, unit-linked and protection life insurance, pension, investment and savings products to retail, SME and corporate customers. Nationale-Nederlanden Poland distributes its products through tied agents, brokers, multi-agents, bancassurance and its direct channel.

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