Ageas: discussions for sale of its French activities
(CercleFinance.com) - Belgian insurer Ageas announced on Monday that it has entered into exclusive negotiations with Carac for the sale of its French activities.
The company says that it is in discussions with the mutual insurer regarding the sale of its life insurance, savings and pensions business in France, subject to certain conditions precedent.
These life and pension activities include Ageas France, Ageas Retraite, Ageas Patrimoine and Sicavonline, whose consolidated scope represented a free Tier 1 of 161 million euros at the end of 2022.
The group also has a solvency II ratio of 216%, IFRS assets under management of E3.9bn and an IFRS net profit of E6.1m.
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The company says that it is in discussions with the mutual insurer regarding the sale of its life insurance, savings and pensions business in France, subject to certain conditions precedent.
These life and pension activities include Ageas France, Ageas Retraite, Ageas Patrimoine and Sicavonline, whose consolidated scope represented a free Tier 1 of 161 million euros at the end of 2022.
The group also has a solvency II ratio of 216%, IFRS assets under management of E3.9bn and an IFRS net profit of E6.1m.
Copyright (c) 2023 CercleFinance.com. All rights reserved.