Standard Life agrees £2 billion deal to buy Aegon’s UK business
The Facts
- Standard Life has agreed to buy Aegon’s UK business for a total consideration of £2 billion.
- The deal includes £750 million in cash and 181.1 million new Standard Life shares issued to Aegon.
- After the transaction, Aegon will hold a 15.3% stake in Standard Life.
- Aegon will be entitled to appoint one non-executive director to the combined group’s board.
- The combined business is expected to have about 16 million customers and around £480 billion in assets under administration.
- Standard Life was recently rebranded from Phoenix Group.
- Aegon’s sale of its UK business is part of a broader strategy to focus more on the US market.
Analytical frames for this storyTap to explore
Context
What exactly is Standard Life buying?
Standard Life said it is acquiring Aegon’s UK insurance and pensions operations, described in coverage as Aegon UK or Aegon’s UK business London South East,BOLSAMANIA.
How will the deal change the size of Standard Life?
The companies say the acquisition will create a much larger pensions and savings group with about 16 million customers and roughly £480 billion in assets under administration Guardian,This is Money,Proactiveinvestors ….
Why is Aegon selling its UK arm?
Aegon has said the sale completes its strategic review of the UK business and supports its ambition to focus more heavily on becoming a leading US life insurance and retirement group Investing.com UK,Manila times,Taiwan News.
View all 46 sources
Wire services (3)
Independent coverage (43)
News Directory 3Standard Life Acquires Aegon UK in £2bn Pension Deal - News ...
Daily Business MagazineStandard Life's phoenix-like revival - Daily Business Magazi...
The Herald£2bn pension giant sale sparks job fears in Scotland
CityAMStandard Life's Briggs warns 'retirement adequacy is a genui...
Investment MonitorAegon to sell UK business to Standard Life as it deepens US ...
accountancydaily.coStandard Life acquires Aegon UK in £2bn pension deal
Edinburgh Evening NewsStandard Life to buy Edinburgh's Aegon UK in bumper £2 billi...
Insurance BusinessAegon to sell Aegon UK to Standard Life in £2 billion deal
The HeraldStandard Life in £2bn takeover move for Edinburgh rival
El-Balad.comStandard Life Aegon Uk deal reshapes UK pensions market in £...
Yorkshire PostStandard Life secures deal to buy rival Aegon's UK business
The GuardianAegon offloads 200-year-old UK business to Standard Life for...
London South EastStandard Life strikes GBP2.0 billion deal to buy Aegon UK ar...
The IndependentStandard Life buys rival in £2b deal to create savings giant
//www.investmentweek.co.uk/Standard Life snaps up Aegon UK for £2bn
//www.investmentweek.co.uk/Standard Life snaps up Aegon UK for £2bn
DigitStandard Life Acquires Aegon UK in £2Bn Deal
ReinsuranceNe.wsAegon agrees £2bn sale of UK business to Standard Life - Rei...
The IndependentStandard Life strikes £2bn deal to buy Aegon UK
International AdviserStandard Life buys Aegon UK for £2bn
Insurance JournalDutch Insurer Aegon Strikes $2.7B Deal to Sell UK Insurance ...
IFA MagazineStandard Life announces acquisition of Aegon UK - IFA Magazi...
Insider Media LtdStandard Life acquires Aegon UK for £2bn - deal creates "UK'...
Daily Mail OnlineStandard Life strikes £2bn deal to buy Aegon UK
London South EastLONDON BRIEFING: Standard Life buys Aegon UK arm; Saga in pr...
The ScotsmanStandard Life to buy Edinburgh's Aegon UK in bumper £2 billi...
Proactiveinvestors UKStandard Life buys Aegon UK to become 'UK's largest retireme...
This is MoneyStandard Life buys Aegon's UK business for £2bn
ProfessionalPensionsStandard Life buys Aegon UK for £2bn
Daily BusinessStandard Life in £2 billion swoop on Aegon UK - Daily Busine...
BOLSAMANIAStandard Life to buy Aegon UK for £2bn
Daily Mail OnlineStocks tick higher as oil continues to fall - MARKETS LIVE
This is MoneyStocks tick higher as oil continues to fall - MARKETS LIVE
Kent OnlineStandard Life strikes £2bn deal to buy Aegon UK
Financial Times NewsStandard Life buys Aegon UK for £2bn
CityAMStandard Life snaps up Aegon UK for £2bn to create savings g...
Investing.com UKAegon to sell UK unit to Standard Life for £2 billion By Inv...
RTTNewsAegon To Sell UK Unit To Standard Life For GBP 2 Bln
The Manila timesAegon to sell Aegon UK to Standard Life for a total consider...
Taiwan NewsAegon to sell Aegon UK to Standard Life for a total consider...
wallstreet:onlineAegon to sell Aegon UK to Standard Life for a total consider...
WBOC TV-16Aegon to sell Aegon UK to Standard Life for a total consider...
Beinsure - Insurance, Reinsurance, InsurTech InsightsStandard Life agreed to acquire Aegon UK for £2 bn in retire...
About these frames
The Watchdog: Wrongdoing, responsibility, corruption, transparency. Who knew what, when, and what they did about it.
The Analyst: Costs, jobs, inflation, growth, incentives, markets, tradeoffs. Follow the money.
The Architect: Stability, law, enforcement, institutional design, separation of powers, regulatory process, rule of law. How are order and governance maintained?
See this differently than someone you know would? Two ways to keep it going.
The dial works on any URL — paste an article you read elsewhere this week.