AGEAS SA (AGES.BR)
4 Dec 2013
|Market Cap (Mil.):||€7,012.75|
|Shares Outstanding (Mil.):||233.49|
PARIS/LONDON, November 19 (Fitch) Last week's agreement for BNP Paribas (BNPP) to buy Belgium's 25% stake in its BNP Paribas Fortis subsidiary has benefits for both the French bank and the Belgian state, Fitch Ratings says. It simplifies BNPP's group structure while continuing to enhance earnings, and reduces public debt for Belgium. BNPP's earnings already benefit from its majority ownership of BNP Paribas Fortis. The bank says the deal is likely to be accretive to earnings per share in 2
PARIS - BNP Paribas has agreed to buy the Belgian state's 25 percent stake in BNP Paribas Fortis for 3.25 billion euros ($4.36 billion) in a move that will help the country keep its commitment to lower public debt.
* Belgium to keep 10.3 pct stake in BNP Paribas (Adds detail, comments)
PARIS, Nov 13 - BNP Paribas has agreed to buy the Belgian state's 25 percent stake in BNP Paribas Fortis for 3.25 billion euros ($4.36 billion), the French bank and the Belgian government said in a joint statement on Wednesday.
BRUSSELS, Nov 6 - Belgian insurer Ageas said the recent heavy storm which swept across northwestern Europe in late October would impact its net result by about 10 million euros ($13.5 million)in the fourth quarter.
* Asia insurance net result 35.2 mln vs 32.5 mln expected
BRUSSELS, Nov 6 - Belgian insurance group Ageas on Wednesday reported a better-than-expected result for its insurance operations in the third quarter, aided by a stronger-than-forecast performance in its Belgian and Asian operations.
BRUSSELS, Sept 19 - Belgian insurance group Ageas said late on Wednesday that it would principally use cash to invest in acquisitions or to return to shareholders, with returns to debt holders no longer a priority.
* Sale part of India Fortis plan to scale back from overseas
* H1 net from insurance 329 mln euros vs f'cast 317 mln (Recasts, adds details on house insurance, background on buyback)
Earnings vs. Estimates
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