The shares of Swiss Life Asset Management, Zurich, and Swiss Life Asset Management (Nederland) B.V., Amstelveen, will be sold to Swiss Life Holding by a subsidiary of Swiss Life/Rentenanstalt in December 2003.
Both companies will be transferred on market terms, in compliance with the regulatory and fiscal requirements.
The Swiss Life Group is one of Europe's leading providers of life insurance and long-term savings and protection. The Swiss Life Group offers individuals and companies comprehensive advice and a broad range of products via agents, brokers and banks in its domestic market, Switzerland, where it is market leader, and selected European markets. Multinational companies are serviced with tailor-made solutions by a network of partners in over fifty countries.
Swiss Life Holding, registered in Zurich, was founded in 1857 as the Swiss Life Insurance and Pension Company. Shares of Swiss Life Holding are listed on the SWX Swiss Exchange (SLHN). The enterprise employs around 11 000 people worldwide.