FPIM to acquire a 6.3% stake in Ageas from Ping An.

Federal Holding and Investment Company, an economic development agency, agreed to acquire a 6.3% stake in Ageas, an insurer, from Ping An, a technology-powered retail financial services group. Financial terms were not disclosed. As an international insurance group, Ageas and its Belgian subsidiary are fully committed to making an active contribution to Belgian society. Ageas is pleased to see that the Belgian government through this investment recognises this commitment and the potential of the company going forward.