Announced
Financials
Tags
Acquisition
Minority
Public
Friendly
Private Equity
insurance services
Belgium
Full Line Insurance
Cross Border
Pending
Single Bidder
Synopsis
BNP Paribas, a multinational universal bank and financial services holding company, agreed to acquire a minority stake in Ageas, a Belgian multinational insurance company, from Fosun Capital, a private equity firm, for €730m. "Ageas is pleased to see that BNP Paribas recognises, through this investment, the value of its partnership for the long term and the potential of the company going forward," Ageas.
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