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Investing.com -- Aegon Ltd. is considering selling some of its non-US operations as part of a strategy to concentrate on its largest market, according to reporting from Bloomberg, citing sources familiar with the matter.
The Dutch insurance company, which derives most of its profit from the United States, has engaged financial advisers to evaluate potential divestments, the sources said, requesting anonymity because the process is ongoing.
Among the units being considered for sale is Aegon UK, which specializes in retirement account administration. The company might also look to divest its 51% stake in a joint venture with Banco Santander SA that distributes insurance products across Spain and Portugal.
In August, Aegon announced it was reviewing the possibility of moving its primary listing and legal domicile to the United States. The company plans to provide more details about its strategic direction at its capital markets day scheduled for December 10.
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