Belgian insurer Ageas to pay $2.2 bln to BNP Paribas to buy full control of AG Insurance

Core Viewpoint - Belgian insurer Ageas has agreed to acquire a 25% stake in AG Insurance from BNP Paribas, resulting in full ownership of AG Insurance for a total consideration of 1.9 billion euros ($2.21 billion) [1] Company Summary - Ageas will now hold 100% ownership of AG Insurance following the acquisition of the remaining 25% stake [1] - The transaction is valued at 1.9 billion euros, equivalent to approximately 2.21 billion dollars [1] Industry Summary - The acquisition reflects ongoing consolidation trends within the insurance industry, as companies seek to enhance their market positions through full ownership of key subsidiaries [1]