It looks like investor consortium BE Group has not given up on its pursuit to acquire international insurance group Ageas just yet, with the Belgium-headquartered insurer reportedly being courted again.
Back in September 2020, as reported by Insurance Business, Ageas confirmed that it was approached by representatives of the group with an indicative and highly conditional offer, terms of which were not disclosed.
“The Ageas board of directors assessed the indicative proposal but considered it not realistic and has decided not to engage,” stated Ageas at the time.
Now, according to Bloomberg sources, BE Group is once again attempting to woo Ageas. As of this writing, neither camp has issued a confirmation.
The report highlighted that any Ageas takeover transaction would be among the biggest in the financial services industry in Europe.
Information on the Ageas share, which is listed on Euronext Brussels, can be found here.
