Aegon Concludes Sale Of Life Insurance Operations In Taiwan
Tuesday, Sep 01,2009, 4:54:35 PM Click:
According to AEGON the sale resulted in a total negative earnings impact of EUR385m in the second quarter of 2009. The transaction will have an immediate positive effect on the group's cash flows. In addition the sale results in a significant decrease of the long-term interest rate exposure for AEGON which, in turn, substantially lowers required economic capital.
Zhongwei Company is a holding company established and funded by a consortium led by the chairman of Meifu Development and the president of Taiwan Glass Industry.
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