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Achmea advances €100M share buyback plan

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Achmea advances €100M share buyback plan

Achmea Holding NV said its extraordinary general meeting of shareholders approved a proposal to repurchase €100 million of the company's ordinary shares.

The share buyback plan is expected to be finalized by March-end.

Meanwhile, Achmea said the sale of Friends First Life Assurance Co. Ltd. will result in an improvement of the Dutch insurer's solvency and liquidity position, part of which it will use to benefit its shareholders.