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Story summary
- Standard Life plc announced it will acquire Aegon UK plc for £2.0 billion, expanding its retirement market.
- The deal will be funded with cash, debt, and a 15.3% share issue.
- The acquisition positions Standard Life as the second-largest workplace pensions platform in the UK.
- Aegon plans to use sale proceeds for debt reduction and share buybacks.
- The transaction is expected to close by the end of 2026, pending regulatory approvals.
