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New Deal


Announced

Unicaja to acquire the remaining 50% stake in the Liberbank joint venture from Aegon for €177m.

Financials

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Transaction Value£149m
Consideration TypeCash
Capital Owned50%
Capital Bid For50%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Spain

insurance provider

Majority

Full Line Insurance

Domestic

Friendly

Acquisition

Private

Pending

Synopsis

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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.

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