Original title: Dutch Insurer Aegon Offers 6% ASR Stake as It Focuses on the US
Dutch insurer Aegon Ltd. is looking to sell a 6% stake in ASR Nederland NV, the firm that bought its domestic operations, as it shifts its focus to the US. Aegon is offering around 12.5 million shares in fellow insurer ASR through a placement with investors, according to a statement, cutting its holding to about 24%. The stake for sale would be worth about €720 million ($838 million) based on ASR’s closing price on Tuesday. ASR will buy back about 15% of the stock on sale for as much as €150 million.