Fosun is considering an offer on the Belgian insurer Ageas



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       Reuters

on 24.07.2018 at 21:17

  
  

 FOSUN PROPOSES AN OFFER ON THE BELGIAN INSURER AGEAS

Fosun International is considering an offer on all or part of the Belgian insurer Ageas, of which it already holds 3.01% of the capital. / Photo archive / REUTERS / Bobby Yip Bobby Yip



(Reuters) – Fosun International is considering an offer on all or part of the Belgian insurer Ageas, of which it already holds 3.01% of the capital, reports Bloomberg Tuesday.

Fosun discusses with his advisers various possibilities, such as finding a partner to split the insurer or increase its stake, says Bloomberg, citing sources.

Ageas has a capitalization of 8.41 billion

The operation, if it is done, risks being examined with care by the supervisory authorities because Ageas is the first life insurer in Belgium and the second largest property and casualty insurer.

Fosun and Ageas have not not reacted to requests for comments in the immediate future

(Rama Venkat Raman, Wilfrid Exbrayat for the French service)

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