Ageas inks $2.3bn deal to acquire remaining stake in AG Insurance

Insurance company Ageas has reached an agreement to purchase the remaining 25% stake in Belgian subsidiary AG Insurance from BNP Paribas Fortis for €1.9bn ($2.3bn). The acquisition is intended to support Ageas’ Elevate27 strategy by prioritising its expansion in consolidated and cash-producing areas. With this transaction, Ageas will hold all shares of AG Insurance, giving it complete ownership. This development allows Ageas to operate as a fully integrated insurer in Belgium, active in both life and no ...