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Stock impact report

Standard Life enters £2bn deal to buy Aegon UK [Yahoo! Finance]

Aegon Ltd. New York Registry Shares (AEG) 
US:NYSE Investor Relations: aegon.com/investors
Company Research Source: Yahoo! Finance
The deal will be financed through a mix of debt, existing cash and the issuance of new Standard Life ordinary shares to Aegon at completion. Those shares will account for around 15.3% of the enlarged company's share capital, making Aegon a shareholder and asset management partner. After the deal closes, the combined group is expected to serve 16 million customers and oversee approximately £480bn of assets under administration. In a statement to Life Insurance International , Moody's Ratings VP-senior credit officer Brandan Holmes said: “Standard Life's acquisition of Aegon UK is credit positive, propelling it to second place in the UK workplace pensions (WP) market. "The combined entity will benefit from improved economies of scale, stronger distribution and access to large corporate mandates, while its enlarged member base presents compelling growth opportunities across the full retirement and savings life cycle. “The UK workplace pension market is consolidating rapidly ar Show less Read more
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