The acquisition strengthens Elevate27 strategy, boosts cash flow and shareholder returns, and extends BNP Paribas partnership.
Belgian multinational insurance group Ageas has agreed to acquire the remaining 25% stake in its Belgian subsidiary AG Insurance from BNP Paribas Fortis for €1.9 billion, giving the group full ownership of the leading insurer in the country , according to a company announcement . According to SRP Belgium database, the company currently has 17 live structured products in Belgium worth around €64m (US$75m) The transaction, expected to close in the secon