AEGON wishes to acquire KPN and TPG pensions´ administrator

AEGON Nederland N.V. intends to acquire the entire share capital of TPG KPN Pensioen B.V. (TKP). To this end, AEGON is in exclusive negotiations with the current shareholders.

TKP is the pension administration organisation for six pension funds including those of KPN and TPG. Only administration is involved. The pension funds’ management remains responsible for policy. In total, the six pension funds have 146,000 participants and control assets in excess of six billion euros. The participants of the pension funds will be unaffected by the possible acquisition. TKP, which is based in Groningen, employs 121 people.

(source: Aegon)

Related News