Aegon to Buy Stake in Mexico’s Argos

Dutch Insurance company Aegon said it agreed to buy 49 percent of Mexican life insurer Seguros Argos for an undisclosed amount. The deal is likely to close in the third quarter pending approval from the authorities. Argos is the seventh largest life insurance company in Mexico. Aegon left Mexico in 2002, selling its share of a joint venture for $1.24 billion.