ASR : Sale of bank as promised, faster and more positive +15pp for S2 ratio
>Conclusion: sale bank as promised, faster and more positive +15pp for S2 ratio - The sale of Aegon bank exactly as promised strategically, and it is better than expected as it has been done faster and for a higher price than expected. The solvency enhancement is +15pp for S2 ratio. We are positive on this transaction and expect and outperformance today. A.s.r. remains our top pick Outperform recommendation. Selling price for bank higher, more positive fo...ASR Nederland NV is a multiline insurance company based in the Netherlands. The Company operates through six segments: Non-Life, comprising non-life insurances, including motor vehicle, fire, travel and leisure, transport, liability, agricultural, construction motorized vehicles and construction all risk and assistance insurance products, among others; Life, offering insurance policies that involve asset-building, asset protection, term life insurance and funeral expenses for consumers and business owners; Banking and Asset Management, providing banking activities and activities related to asset management, including investment property management; Distribution and Services, including the distribution of insurance contracts and intermediary services; Holding and Other, providing primarily holding activities of the Company, as well as Real Estate Development, specialized in the development of real estate properties. The Company operates in the Netherlands and internationally.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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