Deals

Belgian Insurer Ageas Rises After Rebuffing Takeover Approach

Approach by BE Group, consortium of ex-financial dealmakers
Ageas board of directors decided not to engage with suitor

Ageas Headquarters As Fosun Mulls $11 Billion Takeover of Belgian Insurer — Photographer: Yuriko Nakao/Bloomberg

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By Ed Hammond, Ruth David, and Jan-Henrik Foerster

September 4, 2020 at 3:49 PM UTC

Updated on

September 7, 2020 at 8:18 AM UTC

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Shares of Belgian insurer Ageas rose the most in nearly a month after it said it had rebuffed takeover interest from an investor group fronted by former financial services dealmakers.