Aegon buys into Santander's Spanish insurance operations

AMSTERDAM Thu Dec 20, 2012 2:18am EST

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AMSTERDAM Dec 20 (Reuters) - Dutch insurer Aegon said on Wednesday it is to form a joint venture with Spain's Banco Santander, spending 220 million euros to take 51 percent stakes in life and non-life insurance companies with a view to distributing its products through the Spanish bank's branches.

(Reporting by Gilbert Kreijger; Editing by Greg Mahlich)

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