Aegon becomes 6th largest Polish pension company

Aegon has completed its acquisition of the Polish pension company PTE Skarbiec Emerytura SA, making it the sixth largest pension fund in the country.
"This acquisition significantly enhances our position in the Polish market," said Gabor Kepecs, member of the Management Board responsible for Aegon's operations in central and eastern Europe. "Aegon is now Poland's sixth largest pension fund company, with nearly 800,000 members and almost EUR 1.8 billion in pension assets under management."
In recent years, Aegon has expanded its pension business in central and eastern Europe. Currently, it has more than 2 mln pension fund members in the region, with EUR 4 bln pension assets under management, and businesses in six countries – Hungary, Poland, the Czech Republic, Slovakia, Romania and Turkey.
Under the terms of the transaction, Aegon has acquired BRE Bank's stake in PTE
Skarbiec Emerytura for EUR 117 mln, in line with the estimate given in June 2007.
Headquartered in The Hague, the Netherlands, Aegon companies employ 32,000 people in over 20 markets throughout the Americas, Europe, and Asia.