Aegon sells Hungarian arm to VIG, announces share buyback

Vienna Insurance Wiener Versicherung Gruppe AG

23/03/2022 10:56

March 23 (Reuters) - Aegon  AEGN.AS  has completed the sale
of its Hungarian arm to Vienna Insurance Group (VIG)  VIGR.VI 
for 620 million euros ($682 million), the Dutch insurer said in
a statement on Wednesday.
    Aegon announced in 2020 that it would sell its insurance,
pension, and asset management businesses in Central and Eastern
Europe to VIG for 830 million euros and plans to complete the
sales of its Polish, Romanian and Turkish businesses this year.
    The group also announced a debt tender offer and a share
buyback worth 300 million euros set to run from April to
December.
    ($1 = 0.9089 euros)

 (Reporting by Sarah Morland; editing by Jason Neely)
 ((sarah.morland@thomsonreuters.com; +48 58 769 65 92;))