Announced

BNP Paribas to acquire a minority stake in Ageas from Fosun Capital for €730m.

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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