• Home
  • Mail
  • Flickr
  • Tumblr
  • News
  • Sports
  • Finance
  • Entertainment
  • Lifestyle
  • Answers
  • Groups
  • More
Yahoo
    • Skip to Navigation
    • Skip to Main Content
    • Skip to Related Content

    Aegon in strategic deal with Santander

    Associated Press•December 20, 2012

    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 €220 million ($291 million), Aegon said Thursday.