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Athora Holding Ltd. Completes Acquisition of Aegon Ireland
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PEMBROKE, Bermuda--(BUSINESS WIRE)-- Athora Holding Ltd. (together with its subsidiaries, “Athora” or the “Company”) today announced that it has completed the acquisition of Aegon Ireland plc (“Aegon Ireland”), the Irish subsidiary of Dutch insurer Aegon N.V. (the “Acquisition”). The final consideration paid is approximately GBP 170 million (EUR 195 million). Athora Group Managing Partner Michele Bareggi said: “The completion of this transaction is an important step toward our goal of becoming the premier European life insurance consolidator and life reinsurance partner. We now have a robust platform to serve our operations across Europe and establish our European reinsurance hub. The momentum behind our pursuit of continued growth and scale is now enabled further.” After adjusting for the Acquisition, Athora will have approximately €10 billion of consolidated assets, roughly 300,000 policyholders, an
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