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     1908  0 Kommentare Ageas announces it has reached an agreement on the sale of its German activities


    Ageas Insurance International N.V. has signed an agreement with Augur Capital
    for the sale of its German Life activities.

    Ageas Deutschland Lebensversicherung AG began operating in the German life
    market in 2007 as Fortis Deutschland Lebensversicherung AG. In 2010, the company
    realised a premium income of EUR 45 million and reached a solvency ratio of
    305% at year-end, which represents a strong capitalisation level.

    The company, based in Göttingen, distributes products through banks, brokers and
    partnerships. The acquisition will include Beteiligungskonzept GmbH with its
    subsidiaries. Beteiligungskonzept GmbH has become a recognised group in the
    emerging fee-based advisory business.

    Announcing the agreement, Steven Braekeveldt, CEO for Continental Europe said:
    "The sale of our German company is in line with Ageas´s strategic criteria
    determined in September 2009. We are convinced that Ageas Deutschland will
    continue to capture the potential of the market in which it operates together
    with its new owner. Augur has a good track record in investing in financial
    services in Germany and we believe the sale to Augur is in the best interests of
    all parties involved, including employees and management, customers and
    distribution partners."

    The transaction is subject to regulatory approval and is expected to close by
    year-end 2011. The transaction is likely to result in a limited capital loss for
    Ageas that will be accounted for in the General Account in the 3rd quarter
    results.


    Ageas is an international insurance company with a heritage spanning more than
    180 years. Ranked among the top 20 insurance companies in Europe, Ageas has
    chosen to concentrate its business activities in Europe and Asia, which together
    make up the largest share of the global insurance market. These are grouped
    around four segments: Belgium, United Kingdom, Continental Europe and Asia and
    served through a combination of wholly owned subsidiaries and partnerships with
    strong financial institutions and key distributors around the world. Ageas
    operates successful partnerships in Belgium, UK, Luxembourg, Italy, Portugal,
    Turkey, China, Malaysia, India and Thailand and has subsidiaries in France,
    Germany, Hong Kong and UK. It is the market leader in Belgium for individual
    life and employee benefits, as well as a leading non-life player, through AG
    Insurance, and in the UK, it has a strong presence as the second largest player
    in private car insurance and the over 50´s market. It employs more than 13,000
    people and has annual inflows of almost EUR 18 billion.

    MEDIA contact
    +32 (0)2 557 57 37

    Investor Relations
    Brussels
    +32 (0)2 557 57 33
    Utrecht
    +31 (0)30 252 53 05


    Ageas
    Rue du Marquis 1 - 1000 Brussels - Belgium
    Archimedeslaan 6 - 3584 BA Utrecht - The Netherlands
    www.ageas.com

    Pdf version press release:
    http://hugin.info/134212/R/1551663/477959.pdf


    This announcement is distributed by Thomson Reuters on behalf of
    Thomson Reuters clients. The owner of this announcement warrants that:
    (i) the releases contained herein are protected by copyright and
    other applicable laws; and
    (ii) they are solely responsible for the content, accuracy and
    originality of the information contained therein.

    Source: Ageas via Thomson Reuters ONE

    [HUG#1551663]

    Wertpapiere des Artikels:
    BE0003801181


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    Ageas announces it has reached an agreement on the sale of its German activities Ageas Insurance International N.V. has signed an agreement with Augur Capital for the sale of its German Life activities.Ageas Deutschland Lebensversicherung AG began operating in the German life market in 2007 as Fortis Deutschland …

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