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News  ›  GlobeNewswire Inc.

BNP PARIBAS: LE GROUPE BNP PARIBAS VEND SA PARTICIPATION  DANS AG INSURANCE ET FORMALISE UN PARTENARIAT A LONG TERME AVEC AGEAS

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Bnp Paribas Press Release
BNP PARIBAS: LE GROUPE BNP PARIBAS VEND SA PARTICIPATION  DANS AG INSURANCE ET FORMALISE UN PARTENARIAT A LONG TERME AVEC AGEAS

BNP Paribas sells its 25% stake in AG Insurance to Ageas for €1.9 billion, while establishing a long-term bancassurance partnership in Belgium. BNP Paribas Cardif will also increase its stake in Ageas to 22.5%.

Insights
FTEC   positive

Offers broader tech exposure, lower fees, and includes diverse AI-related companies like Nvidia, Microsoft, and Palantir


BNPZY   positive

Company strengthens strategic partnership, generates significant financial gains (€820M net capital gain), and maintains a strong relationship with Ageas