Insurer Aegon Sells $137M Stake In SVG Capital

Law360, New York (January 16, 2014, 3:02 PM EST) -- Insurance company Aegon has reduced its ownership stake in SVG Capital from 15.4 percent to 7.9 percent by selling 20 million ordinary shares for £84 million ($137.4 million), according to a Thursday statement to the London Stock Exchange by JPMorgan Chase & Co., which assisted in the placement.

The companies did not reveal the buyers of the 7.5 percent of the company through the accelerated book build. SVG Capital stock declined by 8.1 percent Thursday following the news. Aegon recently said its adviser, Morningstar OBSR, had...
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