Aegon sells life, pension and assets business in Poland and Romania

Aegon has completed the sale of its businesses in Poland and Romania to Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG) for €125m.

In a statement on 1 June, Aegon said 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.

Lard Friese, CEO of Aegon said: "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.

"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 endeavours."