Standard Life to Buy Aegon UK for GBP 2B

Standard Life has agreed to acquire Aegon’s UK business for GBP 2 billion in a transaction combining cash and shares. The deal is designed to expand Standard Life’s customer base to around 16 million and increase assets under management to approximately GBP 480 billion.

Under the terms, Aegon will receive GBP 750 million in cash and a 15.3% equity stake, making it the largest shareholder. The transaction is expected to conclude toward the end of 2026, subject to regulatory approvals.