The Belgian State takes a 6.3% stake in Ageas

Belgium, through the SFPI, has acquired a 6.3% stake in the capital of Ageas, announced this Saturday the SFPI and the insurance group.

Finance Minister Vincent Van Peteghem. – Photo News.
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By Belga

Published on 01/15/2022 at 09:36
Reading time: 2 mins

Lhe Belgian State, through the Federal Participation and Investment Company (SFPI), has acquired a 6.3% stake in the capital of Ageas, the SFPI and the insurance group announced on Saturday. An operation which makes it possible “to firmly anchor the company in Belgium”, according to the Minister of Finance, Vincent Van Peteghem.

“As an international insurance group, Ageas and its Belgian subsidiary AG Insurance actively support Belgian society. Ageas is delighted to see that the Belgian government recognizes, through this investment, the commitment of the group as well as the potential of the company for the future”, comments the company in a press release.

Minister Van Peteghem, he said that the maneuver was part of the investment strategy of the SFPI. “The financial sector is one of our six strategic investment pillars and we are focused on smartly anchoring companies that are of strategic importance to the country’s economy. This allows us to position ourselves as a long-term strategic shareholder of Ageas and to firmly anchor the company in Belgium. »

The company will issue another press release after receiving the official transparency notification. Until now, the Chinese Ping An Insurance, already present during the Fortis era, held more than 5% of Ageas and the Chinese conglomerate Fosun, 10%.

45,000 employees

Ageas came into existence in April 2010, in the wake of the Fortis debacle. In a decade, the company has become an international insurance group present in Europe and Asia and with approximately 45,000 employees.

TAG: #Belgian #State #takes #stake #Ageas

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