Takeover of Delta Lloyd by NN completed

NN Group and Delta Lloyd, the parent company of BeFrank, announced that following the delivery and payment of the shares tendered within the acceptance period NN Group has now acquired 79.9% of the shares.

On the completion of the takeover NN Group and Delta Lloyd will now begin the integration process. NN Group and Delta Lloyd will harmonise and integrate their activities in the Netherlands and Belgium to gain maximum benefit from the increased scale and capacities of the two companies, as well as from their combined reach and resources. This will result in an across-the-board enhancement of the platform, with an improved range of services for the combined company’s clients and increased returns for its shareholders. The integration will be managed by the NN Group Management Board.

The combined company, which will continue as a leading player in the insurance and pension market in the Netherlands and has a strong market position in Belgium, offers its clients attractive asset management and banking propositions.

Combining Delta Lloyd and NN Group will not have any consequences for our clients at present. We shall inform our clients personally of any changes.

The latest press releases about the pooling of Delta Lloyd’s and NN’s resources are available here.