Aegon completes sale of equity stake in La Mondiale Participations
March 03, 2015, 9:00 CET
Aegon has completed the sale of its 35% share in La Mondiale Participations following the granting of approval by the French Competition Authority (Autorité de la Concurrence).[node:field_featured_media:entity:field_media_image]
The agreement to sell Aegon's stake in La Mondiale Participations to La Mondiale for EUR 350 million was announced on November 24, 2014. Proceeds from the sale will be added to Aegon's excess capital buffer, and will increase the group's IGD solvency ratio by approximately 5 percentage points.