Brief: BNP Paribas Group Sells Its Stake In AG Insurance

Ageas SA/NV

08/12/2025 06:15

Dec 8 (Reuters) - Bnp Paribas BNPP.PA:

BNP PARIBAS GROUP SELLS ITS STAKE IN AG INSURANCE AND FORMALISES LONG TERM PARTNERSHIP WITH AGEAS

CARDIF, BNP PARIBAS' INSURANCE SUBSIDIARY, OWNING CURRENTLY A 14.9% STAKEIN AGEAS, WILL MAKE A EUR 1.1 BILLION CONTRIBUTION TO AGEAS CAPITAL.

BASED ON AN AGREED PRICE OF EUR 60 PER SHARE, BNP PARIBAS CARDIF WOULD HOLD A 22.5% STAKE IN AGEAS, UPON COMPLETION OF TRANSACTION.

GROUP WILL THEREBY STRENGTHEN AGEAS' CAPACITY FOR GROWTH WHILE PRESERVING ITS AUTONOMY AND INDEPENDENCE.

AGEAS  DEAL IS EXPECTED TO BE FINALISED IN 2Q26, AFTER OBTAINING NECESSARY REGULATORY APPROVALS.

DEAL RESULTS IN EUR 820 MILLION NET CAPITAL GAIN IN 2026

IN ADDITION, BNP PARIBAS GROUP NET INCOME WOULD INCREASE ON A RECURRING ANNUAL BASIS BY EUR 40 MILLION FROM AGEAS DEAL

AGEAS CEO: TAKING FULL OWNERSHIP OF AG INSURANCE ENABLES US TO FURTHER ADVANCE OUR BELGIAN OPERATIONS

Source text: nGNE3xRNxg

Further company coverage: BNPP.PA

 (Gdansk Newsroom)

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