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BNP Paribas is reportedly considering acquiring Fosun International's 10% stake in Belgian insurer Ageas. The potential acquisition comes amidst the debt crisis faced by Fosun, providing an M&A opportunity for the French lender.
The debt crisis engulfing Chinese conglomerate Fosun is opening an M&A window for BNP Paribas. The French lender is in talks to buy Fosun's 10% stake in Belgian insurer Ageas. Scoop with Jan-Henrik Foerster, Alexandre Rajbhandari @ManuBaigorri https://t.co/iPhoFuo6w4
BNP Paribas considers buying Fosun's Ageas stake, Bloomberg News reports https://t.co/1gOlq8Hnuz https://t.co/V8IqgVc2PI
BNP Paribas https://t.co/Pc4ezEe0Bh is considering a potential acquisition of Fosun International's https://t.co/uDXSvuKwDa stake in Belgian insurer Ageas https://t.co/s9LfanqVay, Bloomberg News reported on Thursday, citing people with knowledge of the matter. #cgtnamerica