The gross proceeds of the transaction amount to €177 million.
‘We believe we are now ready to engage’.
The biggest part of the planned acquisition of the entire Aegon Central and Eastern Europe has been completed.
The insurance group has €27 million of general account investments in Russia.
The former CTO left the insurer in June last year to continue at Freddie Mac.
The €830m acquisition has been on ice since it was signed in November 2020.
The action aims to improve its risk profile and increase capital generation.
The insurer says it may approach reinsurers to take on some of the risk.
Mark Mullin is to become the new chairman of Transamerica after serving as president and CEO for 11 years.
The insurer wants to allocate capital to businesses with potential for an attractive return.