Aegon Extraordinary General Meeting approves combination of Aegon’s Dutch businesses with a.s.r.
Aegon N.V.'s Extraordinary Meeting of Shareholders (EGM) has today approved the strategic decision to combine Aegon’s Dutch pension, life and non-life insurance, banking and mortgage origination operations with a.s.r. to create a leading player in the Dutch market.
As announced on October 27, 2022, the transaction with a.s.r. is expected to lead to a EUR 3.3 billion reduction in IFRS shareholders’ equity. The majority thereof will be recognized in the fourth quarter of 2022, in accordance with the applicable accounting rules. The reduction in IFRS shareholders’ equity will not impact Aegon’s solvency ratios or capacity to pay targeted dividends.
In addition to the shareholders' approval obtained today, the closing of this transaction is subject to customary conditions, including regulatory and antitrust approvals. The works council of Aegon has rendered a positive advice in relation to the proposed transaction.
The full details of the resolution approved during the EGM can be found here