Sales former Reaal completed – Telegraaf.nl

AMSTERDAM (Reuters) – The sale of the nationalized insurer Vivat, formerly Reaal, the Chinese rival Anbang Insurance Group has been completed. That made known Sunday SNS Reaal <- google_ad_section_end () ->

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Finance Minister Jeroen Dijsselbloem, De Nederlandsche Bank ( DNB), the Chinese regulator CIRC and the shareholder of SNS Reaal (the Dutch State) have granted the necessary approvals. The name Reaal is from Sunday changed Vivat.

The sale was announced in February by Dijsselbloem. Anbang will pay 85 million euro for the shares and tax receivables as well still sticking 1.35 billion in strengthening the balance sheet and repayment of internal loans within the group SNS Reaal. Net, after deduction of the tax claims, the sale price therefore approximately 1 euro.

86 parties

A total of 86 parties were interested in a takeover of

Vivat which came into state ownership two years ago. SNS Bank will still remain in the hands of the State.

Vivat will be led by Gerard van Olphen. He resigned Sunday as chairman and board member of SNS Reaal. Its function will be temporarily assumed by Maurice Oostendorp.

Jan Nooitgedacht

Furthermore Jan Nooitgedagt resigned as chairman of the Supervisory Board of SNS REAAL and SNS Bank. He remains president of the board of Vivat. Nooitgedagt is at SNS Reaal and SNS Bank succeeded by Acting Chairman Jan van Rutte.

,, This sale is a player of significant size in the Dutch insurance sector provided a good future, “said Dijsselbloem in response to sales. Vivat has more than 6 million policyholders and 4,000 employees

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