AGER Announces Deconsolidation from Athene Holding Ltd.
Athene Holding Ltd. Class A Common Shares (ATH)
Last athene holding ltd. class a common shares earnings: 2/18 07:00 am
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US:NYSE Investor Relations:
ir.athene.com
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Source: Business Wire
PEMBROKE, Bermuda--(BUSINESS WIRE)-- AGER Bermuda Holding Ltd. (“AGER”), the holding company of Athene Holding Ltd.’s (“Athene”) European operations today announces its deconsolidation from Athene Holding Ltd. (NYSE: ATH) (“Athene”). AGER’s successful capital raise in April 2017, representing approximately €2.2 billion, laid the foundation for growth in Europe and was an important step toward AGER’s goal of becoming the premier European run-off consolidator and life reinsurance partner. In August of 2017, AGER announced its intention to acquire Aegon Ireland, a Dublin-based insurer, and expects to draw down capital to close the acquisition in the first quarter of 2018, following satisfaction of all conditions to closing, including receipt of regulatory approval. Athene will remain a minority shareholder in AGER along with other global investors including affiliates of Apollo Global Management, LLC
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