Aegon to sell Aegon UK to Standard Life for a total consideration of GBP 2.0 billion
Source: The Manila times
Published on: 2026-04-15 05:29
* Transaction marks the completion of the strategic review of Aegon UK, further supporting Aegon in its ambition to become a leading US life insurance and retirement group * The proceeds are valued at GBP 2.0 billion and consist of a shareholding of 15.3% (181.1 million shares) in Standard Life plc (Standard Life)1 and a cash amount of GBP 0.75 billion. Any remittances taken out of Aegon UK between the signing and closing of the transaction will be deducted from the GBP 0.75 billion cash amount * Total consideration equivalent to 14.2x 2025 operating result after tax and 1.9x 2025 IFRS Shareholder's equity2 * The cash received from the transaction, minus the value of the remittances that were expected to be received from Aegon UK between the signing and the closing of the transaction, is expected to be used for a combination of deleveraging and share buybacks, once the transaction is ...
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