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BRIEF-Ageas To Acquire 40 Pct Stake In RSGI

Published 14-11-2018, 11:37 am
© Reuters.  BRIEF-Ageas To Acquire 40 Pct Stake In RSGI
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Nov 14 (Reuters) - AGEAS NV AGES.BR :

* REG-AGEAS SIGNS AGREEMENT TO ACQUIRE A 40% STAKE IN INDIAN NON-LIFE INSURER RSGI

* ACQUISITION WILL REDUCE GROUP SOLVENCY II BY APPROXIMATELY 5%

* ACQUIRE 40% OF SHARE CAPITAL OF ROYAL SUNDARAM GENERAL INSURANCE CO. LIMITED FOR A TOTAL CONSIDERATION OF EUR 186 MILLION

* TRANSACTION IS EXPECTED TO CLOSE IN FIRST HALF OF 2019

* AGREEMENT TO ACQUIRE AT A PRICE OF INR 15.2 BILLION, CORRESPONDING TO AN AMOUNT OF EUR 186 MILLION

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