Aegon completes sale of Central and Eastern European Businesses to VIG
The Hague, June 1, 2023 - Aegon today announces the completion of the divestment of its businesses in Poland and Romania to Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG) for EUR 125 million. This was the final step to complete the full sale of Aegon’s insurance, pension and asset management business in Central and Eastern Europe to VIG, following the closings of the divestments of the Hungarian and Turkish businesses.
“We are very pleased that we have now finalized the full divestment of our Central and Eastern European businesses. As part of Aegon’s transformation and sharpened focus, the closing allows us to fully concentrate on the countries and business lines where we can add most value, while our former businesses will start their new chapter as part of VIG,” says Lard Friese, CEO of Aegon. “I would like to sincerely thank our employees in Hungary, Poland, Romania and Turkey for their important contributions to Aegon over the years and I wish them all the best in their future endeavors.”
Aegon is an integrated, diversified, international financial services group. The company offers investment, protection, and retirement solutions, with a strategic focus on three core markets (the United States, the United Kingdom, and the Netherlands), three growth markets (Spain & Portugal, Brazil, and China), and one global asset manager. Aegon's purpose of Helping people live their best lives runs through all its activities. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion & diversity. Aegon is headquartered in The Hague, the Netherlands, and listed on Euronext Amsterdam and the New York Stock Exchange. More information can be found at aegon.com.
|Media relations||Investor relations|
|Veronique van Ede||Jan Willem Weidema|
|+31(0) 6 15 67 64 24||+31(0) 70 344 8028|
The statements contained in this document that are not historical facts are forward-looking statements as defined in the US Private Securities Litigation Reform Act of 1995. The following are words that identify such forward-looking statements: aim, believe, estimate, target, intend, may, expect, anticipate, predict, project, counting on, plan, continue, want, forecast, goal, should, would, could, is confident, will, and similar expressions as they relate to Aegon. These statements may contain information about financial prospects, economic conditions and trends and involve risks and uncertainties. In addition, any statements that refer to sustainability, environmental and social targets, commitments, goals, efforts and expectations and other events or circumstances that are partially dependent on future events are forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Aegon undertakes no obligation, and expressly disclaims any duty, to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which merely reflect company expectations at the time of writing. Actual results may differ materially and adversely from expectations conveyed in forward-looking statements due to changes caused by various risks and uncertainties. Such risks and uncertainties include but are not limited to the following:
- Unexpected delays, difficulties, and expenses in executing against our environmental, climate, diversity and inclusion or other “ESG” targets, goals and commitments, and changes in laws or regulations affecting us, such as changes in data privacy, environmental, safety and health laws;
- Changes in general economic and/or governmental conditions, particularly in the United States, the Netherlands and the United Kingdom;
- Civil unrest, (geo-) political tensions, military action or other instability in a country or geographic region;
- Changes in the performance of financial markets, including emerging markets, such as with regard to:
- The frequency and severity of defaults by issuers in Aegon’s fixed income investment portfolios;
- The effects of corporate bankruptcies and/or accounting restatements on the financial markets and the resulting decline in the value of equity and debt securities Aegon holds;
- The effects of declining creditworthiness of certain public sector securities and the resulting decline in the value of government exposure that Aegon holds;
- The impact from volatility in credit, equity, and interest rates;
- Changes in the performance of Aegon’s investment portfolio and decline in ratings of Aegon’s counterparties;
- Lowering of one or more of Aegon’s debt ratings issued by recognized rating organizations and the adverse impact such action may have on Aegon’s ability to raise capital and on its liquidity and financial condition;
- Lowering of one or more of insurer financial strength ratings of Aegon’s insurance subsidiaries and the adverse impact such action may have on the written premium, policy retention, profitability and liquidity of its insurance subsidiaries;
- The effect of the European Union’s Solvency II requirements and other regulations in other jurisdictions affecting the capital Aegon is required to maintain;
- Changes affecting interest rate levels and low or rapidly changing interest rate levels;
- Changes affecting currency exchange rates, in particular the EUR/USD and EUR/GBP exchange rates;
- Changes affecting inflation levels, particularly in the United States, the Netherlands and the United Kingdom;
- Changes in the availability of, and costs associated with, liquidity sources such as bank and capital markets funding, as well as conditions in the credit markets in general such as changes in borrower and counterparty creditworthiness;
- Increasing levels of competition, particularly in the United States, the Netherlands, the United Kingdom and emerging markets;
- Catastrophic events, either manmade or by nature, including by way of example acts of God, acts of terrorism, acts of war and pandemics, could result in material losses and significantly interrupt Aegon’s business;
- The frequency and severity of insured loss events;
- Changes affecting longevity, mortality, morbidity, persistence and other factors that may impact the profitability of Aegon’s insurance products;
- Aegon’s projected results are highly sensitive to complex mathematical models of financial markets, mortality, longevity, and other dynamic systems subject to shocks and unpredictable volatility. Should assumptions to these models later prove incorrect, or should errors in those models escape the controls in place to detect them, future performance will vary from projected results;
- Reinsurers to whom Aegon has ceded significant underwriting risks may fail to meet their obligations;
- Changes in customer behavior and public opinion in general related to, among other things, the type of products Aegon sells, including legal, regulatory or commercial necessity to meet changing customer expectations;
- Customer responsiveness to both new products and distribution channels;
- As Aegon’s operations support complex transactions and are highly dependent on the proper functioning of information technology, operational risks such as system disruptions or failures, security or data privacy breaches, cyberattacks, human error, failure to safeguard personally identifiable information, changes in operational practices or inadequate controls including with respect to third parties with which we do business may disrupt Aegon’s business, damage its reputation and adversely affect its results of operations, financial condition and cash flows;
- The impact of acquisitions and divestitures, restructurings, product withdrawals and other unusual items, including Aegon’s ability to complete, or obtain regulatory approval for, acquisitions and divestitures, integrate acquisitions, and realize anticipated results, and its ability to separate businesses as part of divestitures;
- Aegon’s failure to achieve anticipated levels of earnings or operational efficiencies, as well as other management initiatives related to cost savings, Cash Capital at Holding, gross financial leverage and free cash flow;
- Changes in the policies of central banks and/or governments;
- Litigation or regulatory action that could require Aegon to pay significant damages or change the way Aegon does business;
- Competitive, legal, regulatory, or tax changes that affect profitability, the distribution cost of or demand for Aegon’s products;
- Consequences of an actual or potential break-up of the European monetary union in whole or in part, or the exit of the United Kingdom from the European Union and potential consequences if other European Union countries leave the European Union;
- Changes in laws and regulations, particularly those affecting Aegon’s operations’ ability to hire and retain key personnel, taxation of Aegon companies, the products Aegon sells, and the attractiveness of certain products to its consumers;
- Regulatory changes relating to the pensions, investment, and insurance industries in the jurisdictions in which Aegon operates;
- Standard setting initiatives of supranational standard setting bodies such as the Financial Stability Board and the International Association of Insurance Supervisors or changes to such standards that may have an impact on regional (such as EU), national or US federal or state level financial regulation or the application thereof to Aegon, including the designation of Aegon by the Financial Stability Board as a Global Systemically Important Insurer (G-SII);
- Changes in accounting regulations and policies or a change by Aegon in applying such regulations and policies, voluntarily or otherwise, which may affect Aegon’s reported results, shareholders’ equity or regulatory capital adequacy levels;
- Changes in ESG standards and requirements, or Aegon’s ability to meet its sustainability and ESG-related goals, or related public expectations; and
- We may also rely on third-party information in certain of our disclosures, which may change over time as methodologies and data availability and quality continue to evolve. These factors, as well as any inaccuracies in third-party information we use, including in estimates or assumptions, may cause results to differ materially and adversely from statements, estimates, and beliefs made by us or third-parties. Moreover, our disclosures based on any standards may change due to revisions in framework requirements, availability of information, changes in our business or applicable governmental policies, or other factors, some of which may be beyond our control. Additionally, we may provide information that is not necessarily material for SEC reporting purposes but that is informed by various ESG standards and frameworks (including standards for the measurement of underlying data), internal controls, and assumptions or third-party information that are still evolving and subject to change.
Further details of potential risks and uncertainties affecting Aegon are described in its filings with the Netherlands Authority for the Financial Markets and the US Securities and Exchange Commission, including the Annual Report. These forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, Aegon expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Aegon’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.
AttachmentTo view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Kvika banki hf.: Transaction in relation to a share buyback programme25.9.2023 12:30:00 CEST | Press release
In week 38 Kvika banki hf. („Kvika“ or „the bank“) purchased 3,000,000 of its own shares at the purchase price 46,962,500 ISK. See further details below: DateTimeNo. of shares purchasedShare price (rate)Purchase price 19.9.2023 14:40:35 500,000 15.900 7,950,000 20.9.2023 10:10:54 250,000 15.800 3,950,000 20.9.2023 11:31:03 250,000 15.800 3,950,000 20.9.2023 14:06:02 250,000 15.800 3,950,000 20.9.2023 15:19:06 250,000 15.725 3,931,250 21.9.2023 10:34:00 250,000 15.550 3,887,500 21.9.2023 13:49:29 250,000 15.500 3,875,000 22.9.2023 10:55:26 250,000 15.350 3,837,500 22.9.2023 13:15:05 250,000 15.525 3,881,250 22.9.2023 14:40:52 250,000 15.500 3,875,000 22.9.2023 15:14:23 190,000 15.500 2,945,000 22.9.2023 15:18:21 60,000 15.500 930,000 Total3,000,00046,962,500 The trade is in accordance with Kvika‘s buyback programme, announced on 23 June 2023 and based on the authorisation of a shareholders‘ meeting of Kvika held on 30 March 2023. Kvika held 54,700,000 own shares prior to the notified tr
Fixing of Coupon Rates - Nykredit Realkredit A/S25.9.2023 12:20:46 CEST | Press release
To Nasdaq Copenhagen FIXING OF COUPON RATES Fixing of coupon rates effective from 1 October 2023 Effective from 1 October 2023, the coupon rates of floating-rate bonds issued by Nykredit Realkredit A/S and Totalkredit A/S will be adjusted. Bonds with quarterly interest rate fixing The new coupon rates will apply from 1 October 2023 to 31 December 2023: Uncapped bonds DK0009532376, (32G), maturity in 2024, new rate as at 1 October 2023: 4.0386% pa DK0009532459, (32G), maturity in 2024, new rate as at 1 October 2023: 4.2857% pa DK0009532533, (32G), maturity in 2024, new rate as at 1 October 2023: 4.3161% pa DK0009533770, (32H), maturity in 2024, new rate as at 1 October 2023: 4.0183% pa DK0009533853, (32H), maturity in 2024, new rate as at 1 October 2023: 3.9677% pa DK0009534075, (32H), maturity in 2024, new rate as at 1 October 2023: 4.1400% pa DK0009534158, (32G), maturity in 2024, new rate as at 1 October 2023: 4.1907% pa DK0009536443, (32H), maturity in 2025, new rate as at 1 October
Fastsættelse af kuponrenter - Nykredit Realkredit A/S25.9.2023 12:20:46 CEST | pressemeddelelse
Til Nasdaq Copenhagen FASTSÆTTELSE AF KUPONRENTER Fastsættelse af kuponrenter gældende fra den 1. oktober 2023 Med virkning fra den 1. oktober 2023 ændres kuponrenten på variabelt forrentede obligationer udstedt af Nykredit Realkredit A/S og Totalkredit A/S. Obligationer med kvartårlig rentefastsættelse De nye kuponrenter er gældende fra den 1. oktober 2023 til den 31. december 2023: Obligationer uden renteloft DK0009532376, (32G), udløb 2024, ny rente pr. 1. oktober 2023: 4,0386% p.a. DK0009532459, (32G), udløb 2024, ny rente pr. 1. oktober 2023: 4,2857% p.a. DK0009532533, (32G), udløb 2024, ny rente pr. 1. oktober 2023: 4,3161% p.a. DK0009533770, (32H), udløb 2024, ny rente pr. 1. oktober 2023: 4,0183% p.a. DK0009533853, (32H), udløb 2024, ny rente pr. 1. oktober 2023: 3,9677% p.a. DK0009534075, (32H), udløb 2024, ny rente pr. 1. oktober 2023: 4,1400% p.a. DK0009534158, (32G), udløb 2024, ny rente pr. 1. oktober 2023: 4,1907% p.a. DK0009536443, (32H), udløb 2025, ny rente pr. 1. okto
SKEL fjárfestingafélag hf.: Buy-back programme week 3825.9.2023 12:13:10 CEST | Press release
In week 38 2023, SKEL fjárfestingafélag hf. purchased in total 8,100,000 own shares for total amount of 103,255,000 ISK as follows: DateTimePurchased sharesPricePurchase priceTotal own shares18.9.202310:151,500,00012.10018,150,00020,018,51819.9.202309:431,600,00012.40019,840,00021,618,51820.9.202309:381,000,00013.10013,100,00022,618,51820.9.202312:05750,00013.1009,825,00023,368,51821.9.202310:051,000,00012.80012,800,00024,368,51821.9.202315:01800,00013.00010,400,00025,168,51822.9.202309:35500,00013.2006,600,00025,668,51822.9.202309:35500,00013.2006,600,00026,168,51822.9.202311:02450,00013.2005,940,00026,618,5188,100,000103.255.00026.618.518 The execution of the buy-back programme is in accordance with Chapter VIII of the Company Act No 2/1995, Article 5 of the Regulation of the European parliament and of the Council (EU) on Market Fraud No. 60/2021, the Commissions Delegated Regulation No. 2016/1052 and the Act on Actions against Market Fraud No. 60/2021. Before the purchase SKEL held
Standard Lithium Strengthens C-Suite: Salah Gamoudi Appointed CFO, Kara Norman Steps Into New Role as CAO25.9.2023 12:01:09 CEST | Press release
VANCOUVER, British Columbia, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE American:SLI) (FRA:S5L), a leading near-commercial lithium company, today announced an enhanced C-suite with the addition of Salah Gamoudi as Chief Financial Officer, effective October 1, 2023. This decision aligns with the Company's efforts to bolster its senior leadership as it prepares for a dynamic phase of growth. Robert Mintak, CEO and Director of Standard Lithium, stated, “As we place greater emphasis on commercial construction, resource expansion, and strategic partnerships, Salah's addition is timely. Kara Norman's leadership as CFO, especially during our early growth and the NYSE American listing, has been foundational. With Salah joining as CFO and Kara transitioning to the Chief Accounting Officer role, we're strategically positioning our leadership for the Company's next chapter.” Salah Gamoudi commented, “Joining Standard Lithium at