Ageas to acquire a 25% stake in AG Insurance from BNP Paribas Fortis for €1.9bn.

Ageas, an international insurance group that offers retail and business customers life and non-life insurance products, agreed to acquire a 25% stake in AG Insurance, a company specializing in the field of health, life, commercial, and liability insurance services, from BNP Paribas Fortis, the Belgian commercial brand of the global banking giant BNP Paribas, for €1.9bn. "I am pleased to announce this new important milestone for Ageas and another significant step in implementing our Elevate27 strategy. Taking full ownership of AG enables us to further advance our Belgian operations, building on the re-confirmed bancassurance partnership with our long-standing partner, BNP Paribas Fortis. We continue to chart our own path as a Group, with BNP Paribas as a committed shareholder who supports our vision and actively contributes to the growth of our business," Hans De Cuyper, Ageas CEO.