NN Group and Delta Lloyd agree on recommended transaction

BeFrank
23 Dec 2016

The new combination will become the leading insurance and asset management company in the Netherlands. The brand BeFrank shall be maintained.

NN Group and Delta Lloyd announce today that a conditional agreement has been reached on a recommended public offer to be made by NN Group for the entire issued and outstanding ordinary share capital of Delta Lloyd for EUR 5.40 per ordinary Delta Lloyd share. After extensive analysis of different alternatives, Delta Lloyd made a decision that a combination of NN Group and Delta Lloyd is in the long term interest of our stakeholders including our shareholders.

Wat does this mean for you?
The brand BeFrank shall be maintained. Our services will continue the way you are used to. You will keep the same contact and all arrangements remain unchanged. Our priority will continue to be of the best possible service to you.

Next steps
Both parties expect the transaction will be completed before the end of the second quarter of 2017 after approval by the authorities.

The press release of Delta Lloyd Group can be found here.