Aegon in strategic deal with Santander
Thursday - 12/20/2012, 2:24am EST
AMSTERDAM (AP) - Dutch-based insurer Aegon NV says it has entered a long-term deal with Banco Santander, Spain's largest financial group to distribute insurance products throughout Santander's 4,600 retail offices.
Under the terms of the 25-year deal, Aegon will buy a 51 percent stake in Santanders' insurance business for (EURO)220 million ($291 million), Aegon said Thursday.
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