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News  ›  GlobeNewswire Inc.

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

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Bnp Paribas Press Team
BNP PARIBAS : BNP PARIBAS GROUP SELLS ITS STAKE IN AG INSURANCE AND FORMALISES LONG TERM PARTNERSHIP WITH AGEAS

BNP Paribas has sold its 25% stake in AG Insurance to Ageas for €1.9 billion, while simultaneously establishing a long-term bancassurance and investment partnership in Belgium, with BNP Paribas Cardif becoming a 22.5% shareholder in Ageas.

Insights
BNPZY   positive

The transaction results in a €820 million net capital gain, a +5 basis point CET1 ratio impact, and €40 million annual net income increase