BNP Paribas Increases Stake in Ageas to 9.80%

ageas NV (GB:0Q99) has released an update.

BNP Paribas Cardif S.A., a subsidiary of BNP Paribas, has surpassed the 5% legal threshold of shares in Ageas, with its stake now standing at 9.80%. The increase in shareholding was disclosed to comply with financial transparency rules and follows a transaction with the Fosun Group announced earlier in the year. Ageas is an international insurance group with a strong presence in Europe and Asia, employing around 50,000 people and reporting an annual inflow of EUR 17.1 billion in 2023.

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