Athene Holding acquires German financial services company
Athene Holding Ltd. announced today that it will acquire Delta Lloyd Deutschland AG and its subsidiaries, which are the German arm of Delta Lloyd NV, an Amsterdam-based financial services provider. Terms of the transaction were not disclosed. Based in Wiesbaden, Germany, Delta Lloyd Deutschland provides retirement savings products to the German market, and had assets of approximately $5.1 billion as of Sept. 30, 2014. The transaction is expected to close by the third quarter of 2015, subject to regulatory approvals. Athene Holding, based in Bermuda, is the parent company of West Des Moines-based Athene USA.