Announced
Financials
Sources
Tags
Single Bidder
Spain
insurance provider
Majority
Full Line Insurance
Domestic
Friendly
Acquisition
Private
Pending
Synopsis
Unicaja, a Spanish savings bank based in Málaga, agreed to acquire the remaining 50% stake in the Liberbank insurance joint venture from Aegon, a Dutch multinational life insurance, pensions and asset management company, for €177m ($187m). "Aegon will continue to grow its business in Spain and Portugal through its key life and non-life joint ventures with Banco Santander as well as through its own channels, which have generated significant profitable growth over the last years," Aegon.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.