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Ageas Suitor Restores Chase – Report

It looks like investor consortium BE Group has not given up on its pursuit to acquire international insurance party Ageas just yet, with the Belgium-headquartered insurer reportedly being wooed again.

Back in September 2020, as reported by Insurance Business, Ageas confirmed that it was approached by envoys of the group with an indicative and highly conditional offer, the terms of which were not disclosed.

“The Ageas committee of directors assessed the indicative recommendation but considered it not practical and has decided not to engage,” stated Ageas at the time.

Now, according to Bloomberg sources, BE Group is once again attempting to woo Ageas. As of this writing, neither camp has issued a confirmation.

The report highlighted that any Ageas takeover transaction would be among the biggest in the econom ic services industry in Europe.

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