De Brauw advised Achmea Pensioen & Levensverzekeringen N.V. on expanding its existing pension services to FrieslandCampina through a buy-out.

The buy-out involves the segregated investment account, which holds the invested pension assets of approximately 8,000 (former) employees of Friesland Foods and FrieslandCampina. Achmea and FrieslandCampina have agreed to dissolve this account. The assets, which were accrued before 2015 and have until now been managed by FrieslandCampina, will be transferred to Achmea Pensioen & Leven. The transaction involves approximately EUR 1.5 billion in invested pension assets. This transaction aligns with Achmea’s previously announced ambition to grow in the pension buy-out market.