Dutch Insurer Says It Is Committed to UK Despite Sale Report
September 09 2015 - 11:03AM
Dow Jones News
By Archie Van Riemsdijk
AMSTERDAM--Dutch insurance company Aegon N.V. (AGN.AE) said
Wednesday it remains committed to the U.K. market, after Sky News
reported the company has hired Citigroup bankers to oversee the
sale of parts of its U.K. operations.
"We have a long-term commitment to the U.K. market. We have
built a market-leading platform which continues to be the
fastest-growing platform in the U.K. Our focus is clear," a
spokeswoman for Aegon said. "We continue to review our business
model to optimize our position."
Earlier Wednesday, U.K. broadcaster Sky News said the sale
"could generate substantial proceeds" for Aegon, which saw its
shares jump as a result. The shares were up 3.3% in Amsterdam at
EUR5.59.
Aegon's operations are heavily skewed towards the U.S. and its
U.K. business has been struggling. Analysts have also said that the
company will be hit by upcoming British regulation.
Write to Archie van Riemsdijk at archie.vanriemsdijk@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
September 09, 2015 10:48 ET (14:48 GMT)
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