(Boursier.com) — Ageas indicates by press release having been informed by BNP Paribas that the latter signed an agreement with Fosun to acquire a stake of approximately 9% in the share capital of Ageas, thus taking over Fosun’s stake in the company’s capital.
Ageas says: “pleased to see that BNP Paribas recognizes, through this investment, the value of its long-term partnership and the company’s potential for the future.”
Indeed, Ageas and BNP Paribas have been partners for many years through the joint participation of Ageas (75%) and BNP Paribas Fortis (25%) in AG Insurance, and are long-standing distribution partners of the activities insurance company in Belgium.
Recall that BNP Paribas indicated that the operation was carried out at a total price of approximately 730 million euros.
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