Ageas slips after share placement

Ageas SA/NV

15/04/2025 10:11

** Shares in Ageas AGES.BR slip around 3% after the Belgian insurer placed around 11 mln new shares to partially finance its acquisition of UK motor insurer esure

** It raised 550 million euros ($624 million) from the issue, carried out by way of an accelerated bookbuilding offering at a price of 50.15 euros

** That represents a discount of 5.4% to Monday's close of 53.0 euros

** Stock is at the bottom of Belgium's BEL 20 Index .BFX

($1 = 0.8811 euros)

 (Reporting by Hugo Lhomedet)

 ((Hugo.Lhomedet@thomsonreuters.com;))