reports
Aegon prices USD 760 million of senior unsecured notes
Aegon prices USD 760 million of senior unsecured notes The Hague, April 10, 2024 - Aegon has successfully priced USD 760 million of senior unsecured notes with a fixed coupon of 5.5% and a tenor of three years. Net proceeds from this issuance will be used for general corporate purposes, including the previously announced redemption of the EUR 700 million of fixed-to-floating subordinated notes, effective as of April 25, 2024. The notes are being issued by Aegon Funding Company LLC (AFC) and will be guaranteed on a senior unsecured basis by Aegon Ltd. The maturity date is on April 16, 2027....
Aegon to repurchase shares for share-based compensation plans
Aegon to repurchase shares for share-based compensation plans The Hague, April 9, 2024 - Aegon today announces it will repurchase common shares for an amount of EUR 35 million to meet its obligations resulting from the share-based compensation plans for senior management. The repurchased shares will be held as treasury shares until they are allocated to the plan participants. The repurchase of shares will commence on April 9, 2024, and is expected to be completed on or before June 30, 2024. Aegon will engage a third party to execute the transaction on its behalf. The common shares will be ...
- Marine Leleux
- Maureen Schuller
- Suvi Platerink Kosonen
Bank Brunch/Norwegian versus German covered bonds, Aegon Bank now full...
Norwegian covered bonds historically tight versus German comps. Aegon Bank's statutory name changed to Knab N.V.. The Tier 2 flood continues with Credit Agricole and Commerzbank. Nordea brings a new 10yr covered to the market. Bank bond performance overview
- Marine Leleux
- Maureen Schuller
- Suvi Platerink Kosonen
Bank Brunch/Norwegian versus German covered bonds, Aegon Bank now full...
Norwegian covered bonds historically tight versus German comps. Aegon Bank's statutory name changed to Knab N.V. The Tier 2 flood continues with Credit Agricole and Commerzbank. Nordea brings a new 10yr covered to the market. Bank bond performance overview
Aegon publishes its Integrated Annual Report 2023
Aegon publishes its Integrated Annual Report 2023 The Hague, April 4, 2024 - Aegon Ltd. today published its Integrated Annual Report 2023. The report provides an overview of its businesses, the company’s strategy and sustainability approach, and its financial and non-financial performance. The report also reflects on the key trends that influence Aegon's businesses and its stakeholders, and how these trends impact the way in which the company creates and shares value, today and in the future. You can find out more about Aegon’s purpose and other topics covered in the Integrated Annual Rep...
Aegon calls EUR 700 million of fixed-to-floating subordinated notes
Aegon calls EUR 700 million of fixed-to-floating subordinated notes The Hague, March 19, 2024 - Aegon today announces it is exercising its right to redeem EUR 700 million of 4% fixed-to-floating subordinated notes. The redemption of these grandfathered Tier 2 securities will be effective as of April 25, 2024, when the aggregate principal amount of EUR 700 million will be repaid, together with any accrued and unpaid interest. As previously announced, Aegon intends to refinance the notes. The securities (ISIN code: XS1061711575) are currently listed on Euronext Amsterdam. This listing will b...
- ING Helpdesk
Benelux Morning Notes
AEGON: Another beat, another $. Bekaert: FY23 EBITu and FCF beat, pausing of buyback might disappoint given strong BS. Belysse: Europe starting its revival. bpost: 4Q23 3% beat vs INGF (11% vs cons) driven by E-logistics Eurasia; FY24 outlook at 4-7% vs INGF ex Press impact. Corbion: Jam tomorrow. Heijmans: 2024 EBITDA guidance 30% above estimate. IMCD: As expected 4Q23. TKH Group: Preview; Eyes on 2024 outlook statements. Results Calendar
Aegon proposes to re-elect CEO Lard Friese
Aegon proposes to re-elect CEO Lard Friese The Hague, March 1, 2024 - Aegon announces today that its Board of Directors intends to nominate Lard Friese for re-election as Executive Director and CEO at the Annual General Meeting of Shareholders (AGM) on June 12, 2024, for a further four years. began his tenure as the CEO of Aegon in 2020, after having worked in the insurance industry for over 30 years. William Connelly, Chairman of the Board of Directors (BoD), said: “We are very pleased to nominate Lard Friese for a further term as Executive Director and CEO. Under his leadership, Aegon...
Aegon reports second half year 2023 results
Aegon reports second half year 2023 results Please click to access all 2H 2023 results related documents. The Hague, March 1, 2024 - IFRS results Net result of EUR 0 million with operating result offset by realized losses on investment portfolio; net loss of EUR 199 million for the full-year Operating result of EUR 681 million, down 32% due to previously executed management actions and one-time benefits in the prior period. Full-year 2023 operating result of EUR 1,498 million, a decrease of 17% from EUR 1,802 million in 2022Shareholders’ equity reduces by EUR 0.7 billion to EUR 7.5 bi...
- Jason Kalamboussis
AEGON/Next move – Allegro ma non troppo/BUY
AEGON continues with its large Share Buyback until the summer, but there is more uncertainty on what is next: we believe a reduction of the ASR stake, even if not substantial, would allow for another more modest SBB, while internal cash generation could go towards US growth. There is still no date for the UK and AM plans to be unveiled this year, but this could be a catalyst for the next changes in perimeter, even if more subtle. Results are likely to show strong solvency ratios with a special b...
- Marine Leleux
- Maureen Schuller
- Suvi Platerink Kosonen
- MarketLine Department
NN Group N.V. - Mergers & Acquisitions (M&A), Partnerships & Alliances
Summary Marketline's NN Group N.V. Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by NN Group N.V. - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports...
- MarketLine Department
Allianz SE - Mergers & Acquisitions (M&A), Partnerships & Alliances
Summary Marketline's Allianz SE Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Allianz SE - Mergers & Acquisitions (M&A), Partnerships & Alliances since January2007. Marketline's Company Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments reports offer...
- ING Helpdesk
Benelux Morning Notes
Ackermans & van Haaren: another (small) deal for January. AEGON: New Year's event with CFO, new head of IR & team. Air France-KLM: Not a very strong end to FY23. Belysse: Finalizes its debt refinancing with a €20m RCF. Just Eat Takeaway.com: Preview 4Q23. Kinepolis: Peer Cineplex December box office revenue at 69% of 2019 level
- ING Helpdesk
Vereniging Aegon to participate in current share buyback program
Vereniging Aegon to participate in current share buyback program The Hague, December 8, 2023 - Aegon has entered into an agreement with its largest shareholder, , to partially participate in Aegon’s current EUR 1.5 billion share buyback program. The repurchase of shares from Vereniging Aegon will commence as soon as Aegon has repurchased shares for an amount of EUR 750 million under the buyback program and is expected to run until the end of the share buyback program. Barring unforeseen circumstances, the share buyback is expected to be completed on or before June 30, 2024. As of December 7...
- Bruno Cavalier
- Louis Boujard
- CFA
- Philippe Ourpatian
EDEN EDENRED SA
ZURN ZURICH INSURANCE GROUP LTD
SW SODEXO SA
AGN AEGON NV
BRBY BURBERRY GROUP PLC
ISP INTESA SANPAOLO S.P.A.
SY1 SYMRISE AG
WPP WPP PLC
ANA ACCIONA SA
UCG UNICREDIT S.P.A.
LEG LEG IMMOBILIEN AG
MERLIN MERLIN PROPERTIES SOCIMI S.A.
SIE SIEMENS AG
ANE CORPORACION ACCIONA ENERGIAS RENOVABLES SA
- Louis Boujard
- CFA
- Philippe Ourpatian
ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/17/2023
The conflict in the Middle East inevitably results in pressure on fossil fuel markets (oil and gas). Since the withdrawal of gas volumes from Russia, offset to some extent by LNG imports from the US, Australia and Qatar, the risk is that the current geopolitical situation might lead to a second gas shock, which could trigger a fresh rise in gas prices with a knock-on effect on electricity prices. In this scenario, the sensitivity of each group to prices would confirm our sector hierar...
- Cor Kluis
Aegon : Results in line, much more to come, 10.5% to 17% FCF yield
>Conclusion: Results in line, much more to come, 10.5% to 17% FCF yield - Aegon excl. a.s.r. and excl. excess capital gives an simplified valuation of an implied 10.5% to 17.0% free cash flow yield. The large SBB is progressing well, and still about 9% of the shares are to be bought back by the summer of 2024. The 3Q23 underlying OCG was marginally better than expected and in addition there were extra positive one offs. We do not have to change our OCG estimates for 4...
- Emmanuel Matot
PUB PUBLICIS GROUPE SA
DGE DIAGEO PLC
RNO RENAULT SA
AGN AEGON NV
ALO ALSTOM SA
TLX TALANX AG
WPP WPP PLC
SOI SOITEC SA
EVK EVONIK INDUSTRIES AG
SIE SIEMENS AG
SHL SIEMENS HEALTHINEERS AG
EVD CTS EVENTIM AG & CO. KGAA
HFG HELLOFRESH SE
ALG ALLEGRO.EU SA
ENR SIEMENS ENERGY AG
SHUR SHURGARD SELF STORAGE LIMITED
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