UTRECHT, the Netherlands, 14-7-2014 — /EuropaWire/ — SNS REAAL has started preparations for the sales process of its Insurance activities. J.P. Morgan, ABN AMRO and De Brauw Blackstone Westbroek have been engaged as respective financial and legal advisors for the sale. Internally, the separation of the Banking and the Insurance activities is well underway.
“Now that the House of Representatives has endorsed the letter of the Minister of Finance on the sales process of SNS REAAL’s Insurance activities, it’s time to take the next step”, says Gerard van Olphen, Chairman of the Executive Board of SNS REAAL. “We are getting ready to sell our Insurance activities. In doing so, we will carefully weigh the interests of the Dutch taxpayer, our customers, our staff and other stakeholders.”
Wim Henk Steenpoorte, Chairman of the Insurance and Asset Management activities: “The strong brands of VIVAT Verzekeringen are undergoing rapid development. We will continue at full speed because our customers, staff and shareholder, as well as the new owner, will benefit from this.”
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