Competition and Solvency II drive NN Group-Delta Lloyd to €2.5bn merger


NN Group and Delta Lloyd have reached a conditional agreement under which NN Group will buy Delta Lloyd for €5.4 per share which equates to €2.5 billion. The companies said the deal has been driven by competitive market conditions and the capital requirements of Solvency II.

NN Group, Delta Lloyd, Europe, Insurance, M&A, Solvency II, Hans van der Noordaa, Lard Friese

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