Key Developments: AGEAS SA (AGES.BR)

AGES.BR on Brussels Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Ageas SA and BNP Paribas Cardif take full ownership of UBI Assicurazioni SpA
Wednesday, 6 Aug 2014 01:25am EDT 

Ageas SA:Announces that together with BNP Paribas Cardif have reached an agreement with UBI Banca to acquire the remaining 50 percent - 1 share in the share capital of UBI Assicurazioni (UBIA), for a total amount of 75 million euros subject to a closing adjustment.This transaction completes the 2009 joint acquisition of the majority stake in UBIA.Says on completion, BNP Paribas Cardif and Ageas will jointly own 100 percent of UBIA with Ageas holding 50 pct + 1 share, and BNP Paribas Cardif 50 pct - 1 share.Says both shareholders agreed to further expand UBIA's activities in Italy, in order to continue the development of non-life insurance products and services, including car and household insurance.At the same time, UBI Banca has agreed to renew and extend its long term distribution agreement with UBIA.This transaction is subject to regulatory approval and is expected to close in 2014.  Full Article

Ageas SA sells 100 percent shareholding in Ageas Protect to AIG
Wednesday, 6 Aug 2014 01:20am EDT 

Ageas SA:Says it has agreed, subject to regulatory approval, to sell its 100 percent shareholding in Ageas Protect to American International Group Inc (AIG) for a total consideration of 181 million Pounds (about 228 million euros).Says the transaction is expected to be completed by the end of the year.  Full Article

Ageas appeals against decision of Amsterdam Court of Appeal
Thursday, 31 Jul 2014 02:01am EDT 

Ageas SA:Says further to decision of Amsterdam Court of Appeal of July 29 in FortisEffect litigation it has decided to launch appeal against the Court`s decision withDutch Supreme Court.Says it has decided to constitute a provision of 130 million euros.Amsterdam Court of Appeal decided that sale of the Dutch Fortis entities in Sept.-Oct. 2008 remains unaffected.It also ruled that during the period of Sept. 29 through Oct. 1 2008 Fortis provided misleading and incomplete information to markets.Court concluded that Fortis should indemnify damages suffered as result thereof by shareholders concerned.Damages, if any, will be decided upon and determined in further proceedings.  Full Article

Ageas to acquire from MBCP remaining 49 pct stake in JV's Portuguese Non-Life activities
Monday, 26 May 2014 02:01am EDT 

Ageas SA:To take full ownership of Medis and Ocidental Seguros, Portuguese Non-Life activities of its joint venture with MBCP, by acquiring MBCP's 49 pct stake.To pay MBCP 122.5 million euros.Transaction includes one-off price adjustment after four years to reflect actual versus projected commercial performance through MBCP network.Transaction subject to regulatory approval.Total operation expected to be cash accretive for Ageas.  Full Article

Ageas to distribute FY 2013 dividend
Wednesday, 30 Apr 2014 11:40am EDT 

Ageas SA:Decides to distribute FY 2013 dividend of 1.40 euro per share.Ex-dividend date May 5.Payment date May 13.  Full Article

Ageas SA proposes fiscal year 2014 gross cash dividend
Tuesday, 18 Feb 2014 07:00pm EST 

Ageas SA:Says it proposed a fiscal year 2014 gross cash dividend of 1.40 euro per share.  Full Article

Ageas SA's Ageas France to take control of Avenir Finance SA's Sicavonline
Monday, 2 Dec 2013 07:00pm EST 

Ageas SA:Ageas SA's Ageas France will raise its stake in Sicavonline, a subsidiary of Avenir Finance SA, from 39 percent to 49 percent on Dec. 16-L'Agefi Quotidien.Ageas France should then increase its stake to 65 percent in a second transaction in the following months.Ageas France is also selling its network of 206 employees and 27 offices to Avenir Finance Gestion Privee.Ageas France will take a 35 percent stake in Avenir Finance Gestion Privee through a two million-euro capital increase.  Full Article

Ageas SA makes cash payment of the capital reduction on its ordinary shares-NYSE Euronext
Thursday, 28 Nov 2013 07:00pm EST 

Ageas SA:Sets a dividend of one euro per share as part of a capital reduction-NYSE Euronext.Dividend to be paid on Dec. 13 to shareholders of record date on Dec. 12.Ex-dividend date is Dec. 10.  Full Article

Ageas SA Completes EUR 200 Million Share Buy-Back Program
Tuesday, 26 Feb 2013 07:00pm EST 

Ageas SA (Ageas) announced that the Company has completed the share buy-back program announced on August 6, 2012. Between August 13, 2012 and February 26, 2013, the Company has bought back 9,635,159 shares corresponding to 3.96% of the total shares outstanding and totaling EUR 200 million. Together with the shares previously held by Ageas, the total amount of shares now owned by Ageas amounts to 5.70%.  Full Article

Ageas SA To Pay FY 2012 Dividend-Hugin
Wednesday, 20 Feb 2013 01:30am EST 

Hugin reported that Ageas SA has proposed a gross cash dividend of EUR 1.20 per share for fiscal year 2012.  Full Article

UPDATE 1-Ageas plans share buy-back after beating profit forecasts

* Shares rise 4.4 pct, top gainers in Europe (Adds shares, analyst comment, overall profit)

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