BRIEF-Ageas Completes The Acquisition Of The 40% Stake In RSGI

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BRIEF-Ageas Completes The Acquisition Of The 40% Stake In RSGI
Credit: © Reuters.

Feb 22 (Reuters) - AGEAS NV AGES.BR :

* REG-AGEAS COMPLETES THE ACQUISITION OF THE 40% STAKE IN INDIAN NON-LIFE INSURER RSGI

* ACQUISITION REDUCES GROUP SOLVENCY II BY APPROXIMATELY 5%, BASED ON POSITION AS AT END OF 2018.

* FOLLOWING TRANSACTION AGEAS NOW HOLDS 40% OF SHARE CAPITAL OF RSGI, SUNDARAM FINANCE (NS: SNFN ) 50% AND VARIOUS OTHER SHAREHOLDERS REMAINING 10%

* COMPLETION HAS A NET CASH IMPACT OF EUR 185 MILLION.

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