Fundz

BNP Paribas Group to acquire Fosun Group's stake in ageas

PRIVATEApr 14, 2024

Acquiring Company

BNP Paribas Financial Markets

Acquired Company

Fosun Group

ParisFinancial ServicesFinanceFintechLendingBanking

Description

BNP Paribas Group, through its insurance subsidiary BNP Paribas Cardif, has signed an agreement to acquire Fosun Group's stake of approximately 9% in ageas. The acquisition will be performed in two tranches, with a total consideration estimated to be approximately 730 million euros.

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Company Information

Company

BNP Paribas Financial Markets

Location

Paris, Ile-de-France, France

About

BNP Paribas is a multinational banking and financial services company headquartered in Paris. It is one of the largest banks in Europe and offers a range of services including investment banking, asset management, and retail banking.

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Frequently asked

Who acquired Fosun Group?

Fosun Group was acquired by BNP Paribas Financial Markets, based in Paris. The deal was reported on April 14, 2024. BNP Paribas is a multinational banking and financial services company headquartered in Paris. BNP Paribas Financial Markets is privately held and operates in Financial Services.

When did BNP Paribas Financial Markets acquire Fosun Group?

BNP Paribas Financial Markets's acquisition of Fosun Group was reported on April 14, 2024. BNP Paribas Group, through its insurance subsidiary BNP Paribas Cardif, has signed an agreement to acquire Fosun Group's stake of approximately 9% in ageas. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Fosun Group do?

Fosun Group is the company acquired in this transaction. It is privately held.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.