Insurance - Life / Health

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Exercise of over-allotment option of NN Group IPO

4:00am EDT

ING Groep NV:Over-allotment option of NN Group N.V. IPO fully exercised.11.6 mln additional shares sold (15 pct of base offer shares) at offer price of 20 euros per share.231 mln euros gross proceeds generated to ING.ING ownership in NN Group reduced to 68.1 pct from 71.4 pct.Total gross proceeds from NN Group IPO amount to 2.2 bln euros.

CNP Assurances SA signs long-term strategic partnership with Banco Santander, acquires 51 percent stake in subsidiaries

2:45am EDT

CNP Assurances SA:Says it has entered into an exclusive long-term distribution agreement with Santander Consumer Finance (Banco Santander Group) and has agreed to acquire a 51 pct stake in Santander Consumer Finance's life and non-life insurance subsidiaries.The partnership includes all the life insurance products.Says it will cover 10 European countries: Germany, Poland, Italy, Spain, Austria, Portugal, Norway, Sweden, Denmark and Finland.

Liberty Holdings Ltd acquires remaining shares in Liberty Health

Wednesday, 9 Jul 2014 02:43am EDT

Liberty Holdings Ltd:Enters into agreement with the trustees for time being of NHA Trust in terms of which Liberty Holdings will acquire all of the remaining NHA Trust's shares in and claims against Liberty Health Holdings Proprietary Limited.Says for aggregate purchase consideration of about 134,000,000 Rand.Purchase Price comprises of 40,000,000 Rand for sale shares and 93,489,729 Rand for sale claims as at date of conclusion of the sale agreement.

NN Group prices 1 bln euros bond offering

Tuesday, 8 Jul 2014 11:02am EDT

NN Group NV:Prices 1 bln euros perpetual subordinated bond callable after 11.5 years and every quarter thereafter, subject to regulatory approval.Coupon fixed at 4.50 pct per annum for first 11.5 years and to be floating thereafter.Bond expected to be listed on Euronext Amsterdam.Proceeds to be used for general corporate purposes, including repayment of existing indebtedness.


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