Aegon completes sale of its stake in Indian joint venture

Aegon announces the completion of the sale of its 56% stake in its joint venture in India, Aegon Life Insurance Company, to Bandhan Financial Holdings Limited, an Indian financial services company. The sale was announced in July 2023 and highlights Aegon's commitment to withdrawing from non-core businesses. Following the receipt of the relevant regulatory approvals, transaction was closed on February 23, 2024.