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SNS REAAL NV said Feb. 16 that it agreed with Anbang Insurance Group Co. Ltd. unit Anbang Group Holdings Co. Ltd. on the sale of 100% of REAAL NV, now known as VIVAT Verzekeringen, for a consideration of [euro]150 million ($171.0 million).
VIVAT's solvency will be strengthened to adequate levels through a capital injection. The total financial commitment may vary due to changes in the IFRS...