BNP Paribas has agreed to buy a 9% stake in Ageas from China's Fosun Group for about 730 million euros ($780 million).

Economy Business

BNP Paribas has agreed to buy a 9% stake in Ageas from China's Fosun Group for about 730 million euros ($780 million), making it the biggest shareholder in the Belgian insurer. This partnership is materialized by an exclusive distribution agreement for Life and Non-Life insurance between AGI and BNP Paribas Fortis and by a stake of 25% (plus one share) held by the latter in AGI. BNP Paribas Group acquisition of a minority stake in ageas does not modify any term of this historic and strategic partnership.


     

     

     

 

     


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