Utrecht,
22
May
2015
|
09:51
Europe/Amsterdam

a.s.r. acquires De Eendragt

Summary

Stichting De Eendragt Pensioen has signed an agreement with ASR Nederland N.V. (a.s.r.) for the acquisition by a.s.r. of De Eendragt Pensioen N.V. (De Eendragt), a Dutch pension insurer.

a.s.r. will acquire 100% of the shares in De Eendragt. a.s.r. plans to fully integrate the portfolio and activities of De Eendragt into its own operations in due course.

Albert Bakker, General Director of De Eendragt: “Against the backdrop of the consolidation in the Dutch insurance landscape, De Eendragt decided to look for a strategic partner with a strong presence in group pension insurance. In a.s.r., we have found a partner that will help to ensure continuity for our customers.”

Jos Baeten, CEO of a.s.r.: “a.s.r. has the ambition to further shore up its position in the pension market. One way to achieve this is through strategic acquisitions. The acquisition of De Eendragt marks another important step towards realizing our ambition. De Eendragt customers can rest assured that they will receive the same high level of customer service.”

The transaction is subject to the approval of the regulators. The acquisition price will not be disclosed.