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Stock impact report

Aegon to divest stake in partnership with Sony Life in Japan

Aegon Ltd. New York Registry Shares (AEG) 
US:NYSE Investor Relations: aegon.com/investors
Company Research Source: Business Wire
Aegon announces an agreement to sell its 50% stake in the variable annuity joint ventures in Japan for total cash proceeds of approximately EUR 130 million (JPY 16 billion) to its partner Sony Life. THE HAGUE, Netherlands--(BUSINESS WIRE)-- Regulatory News: “With the evolving market conditions, we mutually agreed that the future of the variable annuity business in Japan is best served as a wholly-owned part of our longstanding partner Sony Life”, said Alex Wynaendts, CEO of Aegon. “I am confident that this change is in the best interest of all stakeholders. This divestment allows Aegon to fully focus on its most promising businesses in Asia serving the fastest growing customer segments and offering the most significant opportunities.” The divestment is consistent with the company’s strategy to focus on driving profitable sales growth and sustainably growing capital generation. The di Show less Read more
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