DivestmentApr 28, 2026, 09:12 AM
AEGON to sell UK insurance/pensions for GBP 750M cash + 15.3% Standard Life stake
AI Summary
Aegon Ltd. announced the proposed sale of its UK insurance and pensions operations (Aegon UK plc) to Standard Life Plc. The transaction, announced on April 15, 2026, is expected to close by the end of 2026, pending customary conditions and regulatory approvals. Aegon will receive GBP 750 million in gross cash proceeds and a 15.3% shareholding in Standard Life ordinary shares. Aegon's UK asset management activities will remain part of Aegon's global asset manager.
Key Highlights
- AEGON to sell UK insurance and pensions operations to Standard Life Plc.
- Transaction includes GBP 750 million cash and 15.3% stake in Standard Life.
- Expected to close by end of 2026, subject to regulatory approvals.
- Pro forma adjustments reduce investments by EUR 123,599 million.
- Pro forma adjustments reduce insurance contract liabilities by EUR 44,705 million.
- Pro forma adjustments reduce investment contract liabilities by EUR 58,644 million.
- Pro forma adjustments increase cash and cash equivalents by EUR 623 million.