Aegon Ltd
AGN: XAMS (NLD)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
€5.70 | Gqsj | Cvftnnynk |
Aegon Finalizes Sale of Hungary Business Unit
On March 23, Aegon announced that it had completed the sale of its Hungary business unit, after a few regulatory hiccups and delays. The proceeds for Aegon’s divestment of its Hungarian business to Vienna Insurance Group amount to EUR 620 million and is a good step in the planned divestment of Aegon’s Central and Eastern Europe businesses. Poland, Romania and Turkey are expected to complete over the course of 2022.