Aegon pays back £1.1bn to Dutch government
Share
Aegon has revealed that it has repaid £1.1bn (€1.15bn) or one third of support it received from the Dutch government.
Aegon says: “Repayment of the initial £1.1bn to the Dutch government is an important first step toward full repayment of the core capital funded by the Dutch government.”
The insurer last year received £2.7bn (€3bn) in support from the Dutch state.
The amount repaid also included accrued interest from May 22 of £40m (€44m). Aegon says it paid a premium of £99m (€108m), based on the volume weighted average share price of Aegon shares of €4.8315 during the five trading days from Nov. 23.
If you enjoyed this article, sign up here to receive daily email updates from Money Marketing and Follow @_moneymarketing
Most popular
Most commented
Most emailed
-
Private equity firm takes joint control of wrap provider FNZ
-
New draft HMRC guidance suggests advice process will be VAT-exempt
-
Tony Wickenden: Introducing Seis and changes to VCTs and EIS
-
Scot Wids to re-enter IFA annuity market and exit offshore bonds
-
Most people have zero risk appetite, FSA finds
Readers' comments (1)
Evan Owen | 1 Dec 2009 10:25 am
No with profit 'surpluses' were involved?
Thank goodness for that.
Unsuitable or offensive? Report this comment