Aegon completes sale of stake in partnership with Sony Life in Japan

Aegon completes sale of stake in partnership with Sony Life in Japan

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Aegon has today successfully completed the sale of its 50% stake in the Japanese variable annuity joint ventures to partner Sony Life.

Aegon first announced the agreement to sell its 50% stake in the variable annuity joint ventures on May 17, 2019. The total cash proceeds are approximately EUR 152 million (JPY 18.75 billion).

The divestment is consistent with Aegon's strategy of focusing on driving profitable sales growth and sustainably growing capital generation.