Ageas rides to 18-year high after deal with Maybank

Ageas SA/NV

03/08/2026 08:19

** Shares in Belgium-based insurer Ageas AGES.BR rise around 3%, pushing the stock further up to almost 18-year high, after the company divested stake in Malaysian, and Singaporean businesses
** Ageas on Monday said Maybank MBBM.KL would buy roughly 31% stake in its unit Etiqa businesses in both countries from it for €1.1 billion ($1.3 billion)
** "The transaction... will yield a 25 percentage points uplift to Solvency II (ratio), providing room for additional M&A or shareholder distribution", say KBC Securities analysts in a note
** Ageas says that it achieved net capital gain of about €450 million under deal
** Up to the previous session's close, shares were up 20.2%​ YTD
     
     
     
($1 = 0.8675 euros)

(Reporting by Mateusz Rabiega)
((mateusz.rabiega@thomsonreuters.com))