January 29, 2018 / 5:03 PM / in 5 months

BRIEF-CNP Assurances Takes A Majority Stake Into Azimut And Isalud‍​

Jan 29 (Reuters) - Cnp Assurances:

* TAKES A MAJORITY STAKE INTO TWO INSURTECHS, AZIMUT AND ISALUD‍​

* ISALUD OPERATES IN SPAIN AND AZIMUT IN FRANCE

* THIS EUR 40 MILLION INVESTMENT ALLOWS CNP ASSURANCES TO ACQUIRE MAJORITY STAKES

* WITH EUR 10 MILLION, CNP ASSURANCES WILL HAVE A 70% SHAREHOLDING INTO AZIMUT

* WITH EUR 30 MILLION, CNP ASSURANCES WILL PROGRESSIVELY REACH 60% SHAREHOLDING INTO ISALUD BY EARLY 2019 Source text; bit.ly/2DLXzOn Further company coverage: (Gdynia Newsroom)

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