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Aegon To Buy Mexican Benefits Marketer

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Aegon N.V. has agreed to acquire a 49% interest in a Mexican life insurance company that specializes in selling life insurance in the worksite market.

Aegon, the Hague, Netherlands, is not saying how much it will be paying for the stake in Seguros Argos S.A. de C.V., Mexico City.

Argos, formed in 2002, ranks seventh among life insurers in Mexico in terms of market share for individual policies, Aegon says.