PE Firm To Buy Ageas' German Life Insurance Unit
The unit, Ageas Deutschland Lebensversicherung AG, earned €45 million ($59.8 million) in 2010, according to Ageas. The sale will include Beteiligungskonzept GmbH and its subsidiaries, which are fee-based financial advisers, Ageas said.
"The sale of our German company is in line with Ageas's strategic criteria determined in September 2009," said Steven Braekeveldt, Ageas' CEO...
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