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Serco Signs New BPO Contract with AEGON Worth GBP170 Million

Date : 10/29/2012 @ 1:13PM
Source : Dow Jones News
Stock : Aegon N.V. (AEG)
Quote : 8.96  0.01 (0.11%) @ 1:14AM
Aegon share price Chart

Serco Signs New BPO Contract with AEGON Worth GBP170 Million

Serco Group (LSE:SRP)
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LONDON--Serco Group PLC (SRP.LN), a international service company, said Monday it has signed a contract for an outsourcing partnership that will provide customer contact and support services for AEGON (AGN).

MAIN FACTS:

-The contract will commence on Nov. 1 and has a total estimated value to Serco over the 10-year initial term of 170 million pounds.

-Under this new partnership Serco will operate primarily from AEGON's offices in Lytham St Annes.

-Serco shares closed Friday at 565 pence, valuing the company at GBP2.8 billion.

-Write to Mark Shapland at mark.shapland@dowjones.com

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