Aegon successfully sold 12.5 million shares of ASR Nederland N.V. through an accelerated bookbuild process to qualified institutional investors. The transaction was priced at EUR 56 per a.s.r. share, generating gross proceeds of EUR 700 million for Aegon.
As part of the transaction, a.s.r. repurchased 1,875,000 shares from Aegon at the same price, totaling approximately EUR 105 million. Following this sale, Aegon's shareholding in a.s.r. will decrease from 29.96% to approximately 24% of a.s.r.’s share capital.
The divestiture is expected to result in an 11 percentage point increase in Aegon's Group solvency ratio, from an estimated 183% as of June 30, 2025. An IFRS book gain of approximately EUR 0.2 billion is anticipated in the second half of 2025, with the cash proceeds recorded in Aegon’s Cash Capital at Holding in the third quarter of 2025.
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