BNP Paribas Increases Stake in Belgian Insurer Ageas as Part of $3.5 Billion Deal

WSJ19:35

BNP Paribas agrees to sell 25% stake in AG Insurance for €1.9 billion.

Gelonghui, December 8 – BNP Paribas has agreed to sell a 25% stake in AG Insurance to Belgian insurer Ageas for €1.9 billion in exchange for €1.1 billion worth of Ageas shares. In a statement, BNP Paribas noted that as a long-term shareholder, the group will enhance Ageas’s growth capacity while preserving its autonomy and independence. Currently, BNP Paribas Cardif holds a 14.9% stake in Ageas, which will increase to 22.5% after this acquisition at €60 per share. The transaction is expected to be completed in the second quarter of 2026.

Gelonghui Finance16:27

France Refuses to Disclose List of Banks Holding €18 Billion in Frozen Russian Sovereign Assets

France is facing mounting pressure to utilize 18 billion euros of Russian sovereign assets to fund Ukraine — these assets are primarily frozen in private banks, the identities of which have been kept confidential by French authorities for over two years. This approach has drawn dissatisfaction from some European nations: France has refused to disclose details about the institutions holding Russian state funds or provide information on how the generated interest is being used, citing client confidentiality. According to multiple sources familiar with the matter, aside from the 185 billion euros held by Euroclear, nearly all of the remaining approximately 25 billion euros of Russian state assets are frozen in France and Belgium.

Global Market Monitor15:33

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

GlobeNewswire14:00

Express News | Liao Lin, Chairman of ICBC, met with Jean Lemierre, Chairman of BNP Paribas.

BreakingsDec 6 14:12

BNP Paribas (0HB5) Gets a Buy From RBC Capital

TipRanksDec 5 19:16 · Ratings