Ageas: up 5% in Brussels; interest from Fosun?
(CercleFinance.com) - The Ageas share went up more than 5% this morning at the Brussels Stock Exchange to top the Bel 20 index.
According to news service Bloomberg, the top Belgian life insurer, which has a market value of over nine billion euros, is being courted by the conglomerate Fosun, controlled by Chinese billionaire Guo Guangchang.
The details of Fosun's potential foray have not yet been defined, reports Bloomberg, also reporting that there is a possibility of increasing the current stake Fosun has in Ageas, which is currently 3%, with a view to a full or partial takeover. The other possibility would be that of partnering up with other groups to split Ageas into several parts.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
According to news service Bloomberg, the top Belgian life insurer, which has a market value of over nine billion euros, is being courted by the conglomerate Fosun, controlled by Chinese billionaire Guo Guangchang.
The details of Fosun's potential foray have not yet been defined, reports Bloomberg, also reporting that there is a possibility of increasing the current stake Fosun has in Ageas, which is currently 3%, with a view to a full or partial takeover. The other possibility would be that of partnering up with other groups to split Ageas into several parts.
Copyright (c) 2018 CercleFinance.com. All rights reserved.