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Aegon N.V.
AEGON has no Need for Additional Core Capital; Agreement With Dutch State Sufficient to Maintain Strong Capital Buffer
December 5th, 2008
AEGON, the owner of Transamerica, confirms that it is currently examining the possibility of acquiring a thrift in the United States. This would potentially allow the company to qualify for the US government's Troubled Asset Relief Program (TARP). The company has no need for additional core capital beyond the EUR 3 billion secured from the Dutch State. AEGON believes it is prudent, and possibly advantageous, to explore the terms and conditions under which financial support may be available under TARP. At present, no decision has been taken either with regard to the acquisition of a thrift in the United States or to AEGON's...
Source: Health Business Week (2008-12-05)
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