BE Group Makes Fresh Takover Approach for Insurer Ageas
- Investor group makes renewed attempt to buy Belgian insurer
- BE Group has been pursuing Ageas for more than two years
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BE Group, an investment firm fronted by former bankers, has made a fresh attempt at a takeover of Belgium’s biggest insurer Ageas, people familiar with the matter said.
The consortium recently approached Ageas and has been trying to secure financing for a potential deal, the people said, asking not to be identified discussing confidential information. Shares in Ageas rose as much as 3.5% in early trading on Friday. The stock was up 2.4% at 9:03 a.m. in Brussels, giving it a market value of €8.5 billion ($9.2 billion).