Aegon NV is combining its operations in the Netherlands with insurer ASR Nederland NV, in a bid for market dominance in the pension, life and non-life insurance sectors.
Aegon agreed to a conditional deal for a total consideration of €4.9 billion ($4.9 billion), ASR Nederland said in a statement Thursday. Dutch insurance giant Aegon will receive a 30% stake in a.s.r. and €2.5 billion in cash proceeds from the deal, which it plans to use to return €1.5 billion in capital to shareholders.
JPMorgan European Discovery Trust plc (LON:JEDT) is an investment trust company. The Investment Trust JEDT objective is to achieve capital growth from a portfolio of quoted smaller companies in Europe, excluding the United Kingdom.