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Aegon and Banca Transilvania BT
AEGON to Acquire Banca Transilvania's Stake in BT AEGON
January 23rd, 2009
AEGON has agreed to acquire Banca Transilvania's 50% shareholding in BT AEGON, the two companies' jointly-owned Romanian pension business. AEGON will pay approximately EUR 11 million for the stake, which will give AEGON full control of the pension business. AEGON and Banca Transilvania (BT) will remain partners. As part of the transaction, the two companies will sign a distribution agreement covering both life insurance and pension products. This agreement will be finalized in the coming weeks, and will allow both BT and AEGON to benefit from the further growth expected in the Romanian pension and life insurance markets in the coming years. ...
Source: Health Business Week (2009-01-23)
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