Delta Lloyd Group plans to acquire Rotterdam-based Erasmus Group from Wstenrot & Wrttembergische, a company based in Stuttgart.
Delta Lloyd says it wants to strengthen its position in the Dutch insurance market.
“The acquisition of Erasmus will enable us to strengthen Delta Lloyd’s position in the Dutch life and general insurance market and complements the existing proposition of Delta Lloyd Insurance,” says Henk Rau, member of the executive board for Delta Lloyd Group.
The acquisition will take effect retrospectively from 1 January 2007, subject to the approval of the Dutch regulator, the relevant works councils, and notification to the relevant competition authorities.