French banking group BNP Paribas announced it is selling its 25 stake in AG Insurance to the Belgian insurance giant Ageas for 1.9 billion euros 2.2 billion.
This transaction grants Ageas full ownership of Belgiums largest insurer.
The deal also involves BNP Paribas increasing its current 15 shareholding in Ageas to 22 for 1.1 billion euros.
