Sabadell to Pay EUR449.5 Million For Aegon's 50% Stake in Insurer
03 May 2013 - 5:25PM
Dow Jones News
MADRID--Spanish bank Banco Sabadell SA (SAB.MC) has reached a
deal to buy the 50% stake held by the Netherlands' Aegon NV (AEG)
in Spanish insurer Meditarreneo Vida for EUR449.5 million.
Aegon acquired the stake through a joint venture with Caja de
Ahorros del Mediterraneo, or CAM, a Spanish bank that was
nationalized and then sold to Sabadell last year.
The deal still needs regulatory approval, Sabadell said
Friday.
Write to David Roman at david.roman@wsj.com Twitter:
@dromanber
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