231 All joint ventures are unlisted and are accounted for using the equity method and are considered to be non-current. The investments  in joint ventures include interest in insurance companies that are required to maintain a minimum solvency margin based on local  directives. Such restrictions can affect the ability of these joint ventures to transfer funds in the form of cash dividends, or repayment  of loans or advances, and therefore, there can be no assurance that these restrictions will not become a limitation in the future. There  are no unrecognized shares of losses in joint ventures. The financial statements of all joint ventures have the same reporting date as  the Group. Refer to note 55 for a listing of the investments in joint ventures and the Group’s percentage holding. In 2012 the category  Other reflects a decrease of an earn out provision relating to Caja Cantabria. On May 7, 2013, Aegon has finalized exiting its life, health and pension joint venture with Unnim and sold its 50% stake to Unnim.  The consideration amounted a total of EUR 353 million and the sale resulted in a book gain of EUR 102 million before tax.  Additionally a revaluation reserve of EUR 26 million was released, which was recycled from equity through profit and loss account.  Furthermore there was a release of an earn out provision of EUR 176 million. Consequently the sale resulted in a total disposal  amount of EUR 453 million. Aegon’s share in underlying earnings before tax of the joint venture totalled EUR 6 million for 2013  (full year 2012: EUR 17 million). On June 3, 2013, Aegon completed an exclusive 25-year strategic partnership with Banco Santander, Spain’s largest financial group,  first announced in December 2012. Under the terms of the agreement, Aegon acquired a 51% stake in both a life insurance company as  well as in a non-life insurance company for a cash consideration of EUR 220 million. In addition, there is also a contingent consideration  which will be paid depending on future performance of the joint ventures. The joint ventures will distribute life and general insurance  products through Banco Santander’s extensive branch network. Aegon Spain will provide the back-office services to the joint venture  companies.  Following the announced merger between Banca Cívica and CaixaBank in Spain, Aegon reached an agreement, on August 3, 2012,  with CaixaBank to end the life, health and pension partnership with Banca Cívica and sell its 50% interest in the joint ventures to  CaixaBank for a total consideration of EUR 190 million. The transaction was closed on October 11, 2012, after obtaining regulatory  approval. The sale resulted in a book gain of EUR 35 million before tax and was recorded in the fourth quarter of 2012. Aegon’s share  in underlying earnings before tax of the joint venture totalled EUR 13 million for 2012. Unnim  Strategic partnership with Santander  Banca Cívica