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Stock impact report

Caledonia Investments to sell stake in wealth manager 7IM to Ontario Teachers' Pension Plan [Globe and Mail, The (Toronto, Canada)]

AEGON N.V. (AEG) 
US:NYSE Investor Relations: aegon.com/investors
7IM provides wealth management, asset management and platform services to more than 9,000 retail investors and 2,000 intermediaries in the UK. Caledonia bought the company in 2015 from insurers Zurich Insurance and Aegon NV. “Caledonia's investment philosophy is to focus on growth over the long term, ensuring that our portfolio companies are well-placed for exit when the right time comes for all stakeholders,” said Tom Leader, Caledonia's head of Private Capital. “Our investment in 7IM embodies this philosophy.” Caledonia expects the deal to be completed in late 2023 or early 2024, it said. The company had net assets of about £2.8-billion at July-end. Sign up for the Top Business Headlines: Evening Edition Newsletter An informative summary of the day's top business headlines, features and columns. Know the markets and invest wisely Show less Read more
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