A.S.R. Nederland offering books closed

A.S.R. Nederland offering books closed

The offering by A.S.R. Nederland NV to purchase shares from Aegon Ltd. has been successfully completed. Aegon is selling a 6% stake in ASR Nederland, valued at approximately €720 million ($838 million), based on ASR’s closing price on Tuesday, September 2, 2025. The transaction is part of Aegon's strategic shift towards the United States, as the company focuses on expanding its operations in the U.S. market.

The sale includes around 12.5 million shares of ASR Nederland, which will be bought back by ASR Nederland for as much as €150 million. This move is indicative of the recent rally in the price of ASR shares, which have increased by 26% year-to-date. The high demand for the shares was evident as the offering was oversubscribed shortly after its launch.

Aegon's decision to sell the stake is also aligned with its broader strategy to reduce its presence in the Netherlands and move its legal domicile to the US. Last month, Aegon announced plans to make New York the primary trading venue for its stock alongside its Amsterdam listing. The company expects to complete the review in the coming months.

JPMorgan Chase & Co., Barclays Plc, and Goldman Sachs Group Inc. are arranging the offering. The sale is a significant step for Aegon as it continues to streamline its operations and focus on growth opportunities in the United States.

References:
[1] https://www.livemint.com/companies/company-results/dutch-insurer-aegon-offers-6-asr-stake-as-it-focuses-on-the-us-11756833382712.html