Aegon awaits go-ahead for PTE Ergo Hestia purchase

The change of Ergo Hestia's ownership will influence the market's concentration, however, it will give KNF an excellent opportunity to prove that its conflict with Eureko is not a sign of its dislike for foreign investors. Neither company wishes to reveal the details of the transaction, yet both are quite happy to talk about the benefits they will enjoy from it. The Aegon group's president in Poland, Michał Biedzki, said that pension fund "enters the scope of our activities, life insurance and pension products." According to Puls Biznesu the clients of the group will get access to packets of  property insurance. After taking over Ergo Hestia, Aegon will also considerably increase its scope of activity in Poland. Its number of clients will increase from 60,000 to 430,000 and managing assets from zł. 3.5 million to zł. 6 million. (Puls Biznesu p.9) M.M.