Aegon to sell off most of its US lending business

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NETHERLANDS/US - The Dutch life insurer and pensions provider, Aegon, will sell of most its Transamerica Finance Corporation's (TFC) commercial lending business, in order to focus on its core retirement business.

GE Commercial has agreed to the purchase of the division for US$5.4bn and the transaction is expected to close before year end 2003. The sale price represents a premium over net receivables of U...

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