December 22, 2014 / 5:00 PM / 4 years ago

CNP Assurances sells to Barclays its stake in BVP for $555 million

The Barclays logo is seen outside a branch of the bank in central London October 30, 2014. REUTERS/Toby Melville

PARIS (Reuters) - CNP Assurances (CNPP.PA) said on Monday it was selling to Barclays Bank (BARC.L) its 50 percent stake in CNP Barclays Vida Y Pensiones (CNP BVP), for 453 million euros ($555 million) including a special dividend.

The transaction is expected to close by the middle of 2015 and should result in a capital gain of about 200 million euros, CNP said in a statement.

($1 = 0.8160 euros)

Reporting by Natalie Huet; Editing by Greg Mahlich

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