BRE sells Aegon pension fund for $239 mln
WARSAW, July 22 |
WARSAW, July 22 (Reuters) - Poland's BRE Bank BREP.WA, a unit of Germany's Commerzbank (CBKG.DE), sold 49.7 percent of Aegon PTE pension fund to Dutch Aegon (AEGN.AS) for 482.5 million zlotys ($239 million), the bank said on Tuesday.
BRE excercised an option to sell the stake which was included in last year's merger of its pension fund Skarbiec-Emerytura with Aegon's Polish operations.
The original deal priced the stake at 385 million euros.
The transaction is subject to regulatory approval. (Reporting by Patryk Wasilewski; Editing by Paul Bolding)
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