THE NETHERLANDS - Aegon has reached an agreement to acquire OPTAS N V, the Rotterdam-based life insurer for €1.3bn.
Optas was converted into a public company in 1997. By the end of 2005 the company had €4.3bn in assets and 60,000 members.
Aegon Netherlands CEO Johan van der Werf said: "We would like to leverage the pension expertise of Optas in close co-operation with Aegon The Netherlands to further strengthen the two companies' pension activities.”
Optas MD Pieter Rietbergen said the company had found a strong partner in Aegon: “Its broad distribution capabilities and good relationships within the IFA channel were additional important considerations for OPTAS. I believe this transaction will ensure the long-term development of our business.”
Upon completion of the transaction, Optas will become a subsidiary of Aegon The Netherlands.
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