BNP Paribas Moves to Lift Stake in Ageas to 22.5% in €3bn Deal, Tightening Grip on Belgium’s Insurance Market

BNP Paribas is preparing a major reshuffle of its insurance footprint in Belgium, announcing a €3 billion two-part transaction that will lift its stake in Ageas — the country’s largest insurer — to 22.5% from 14.9%. The move, confirmed by both companies on Monday, positions Europe’s biggest bank by assets as the dominant anchor shareholder

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