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15 April 2024Insurance

Fosun sells Ageas shareholding in €730m deal to BNP Paribas

BNP Paribas, through its insurance subsidiary BNP Paribas Cardif, has signed an agreement to acquire Fosun Group’s stake of approximately 9% in Ageas for a total consideration of approximately €730 million ($778 million).

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More on this story

Insurance
25 March 2024   Shares drop to within 11% of pre-saga pricing, suggesting little hope of major rival bid.
Insurance
18 March 2024   The market’s minimum price may rub up against Ageas’ max capacity, one brokerage suggests.
Insurance
29 February 2024   Shares closed less than half the gap to the bid, signaling low faith a deal can be cut.