Life insurance and pension company, Aegon, will raise about €950 million through a share sale, The Wall Street Journal reports. The insurer is planning to issue 173.6 million shares at €5.45 per share. The proceeds from the offering will be used by Aegon to repay €750 million of the €3 billion capital injection it received during the financial crisis. The remaining €1.5 billion state aid will be repaid by July 2011.

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