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Announced

Completed

Athora Belgium completed the acquisition of a life insurance portfolio from NN Insurance Belgium.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

Life Insurance

Friendly

Domestic

Belgium

Private

life insurance

Majority

Single Bidder

insurance portfolio

Acquisition

Synopsis

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Athora Belgium, an insurance services provider, completed the acquisition of a life insurance portfolio from NN Insurance Belgium, an insurance brokerage firm. Financial terms were not disclosed. “Today marks an important milestone for Athora Belgium. The transaction covers more than 200k new policies and we welcome our policyholders and the 24 new employees to our business. We look forward to working with our new colleagues and offering our new customers a stable and long-term performance on their savings and retirement products," Dorsan van Hecke, Athora Belgium CEO.

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