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Ageas takes a minority stake in the Chinese reinsurer Taiping Reinsurance

The Belgian insurer Ageas takes a minority stake in the Chinese reinsurer Taiping Reinsurance. The deal has a value of around EUR 340 million for a 25% stake, according to a statement.

Taiping Reinsurance is a subsidiary of China Taiping Insurance Holdings, with which Ageas has been cooperating for a long time. The transaction is expected to be completed by the end of the year.

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