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Belgium-headquartered Ageas SA/NV has completed the acquisition of a 25% stake in AG Insurance SA/NV from Brussels-based BNP Paribas Fortis SA/NV for 1.9 billion euros ($2.2 billion), becoming the sole owner of its Belgian insurance subsidiary, Reinsurance News reported. French subsidiary BNP Paribas Cardif SA has increased its stake in Ageas from 15% to 22% through a €1.1 billion investment.
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