ageas NV (GB:0Q99) has released an update.
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Ageas NV is in exclusive talks with Saga plc to enter a 20-year distribution partnership for car and home insurance to the over-50s market, a segment where both companies hold expertise. The deal, aligning with Ageas’s Elevate27 strategy, would also see Ageas acquire Saga’s insurance activities, with an initial payment of GBP 147.5 million and potential extra payments based on performance. This strategic move aims to strengthen Ageas’s position in the UK insurance market and capitalize on the growing aging population segment.
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