Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Bruxelles  >  Ageas SA/NV    AGS   BE0974264930

AGEAS SA/NV

(AGS)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

ageas / : sells its share in UK motor, home JV to Tesco Bank

10/14/2020 | 03:00am EST
FILE PHOTO:  The logo of Belgian insurance group Ageas is pictured at the company's headquarters in Brussels

LONDON (Reuters) - Ageas said on Wednesday it had agreed to sell its majority stake in Tesco Underwriting Ltd to joint venture partner Tesco Bank for 104 million pounds.

The UK-based partnership, which focused on motor and household insurance, was set up in 2009 and extended for a seven-year term in 2014. It had a book value of 100 million euros as of end-June, Ageas said in a statement.

Ageas said the sale, which would allow it to focus on its core business including its broker partnerships, is expected to generate a capital gain of around 9 million euros and have a 3% positive impact on its solvency position.

The deal is expected to close in the second quarter of 2021, subject to regulatory approvals.

(Reporting by Simon Jessop and Carolyn Cohn; Editing by Dhara Ranasinghe)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AGEAS SA/NV -0.26% 41.85 Delayed Quote.-20.56%
TESCO PLC 0.04% 227.8 Delayed Quote.-10.74%
All news about AGEAS SA/NV
11/25AGEAS / : EU insurance watchdog under pressure to scrap blanket dividend ban
RE
11/24AGEAS AND BLACKROCK : Transparency notification
AQ
11/13GLOBAL MARKETS LIVE: Washington vs Beijing, Farfetch beats expectations…
11/13AGEAS / : reports on third quarter results 2020
AQ
11/13AGEAS SA/NV : Press Release
CO
11/13AGEAS SA/NV : 3rd quarter results
CO
11/10AGEAS SA/NV : quaterly earnings release
11/10AGEAS SA/NV : Admission of new securities
CO
11/09AGEAS AND GOLDMAN SACHS : Transparency notification
AQ
11/09AGEAS SA/NV : Admission of new securities
CO
More news
Financials
Sales 2020 7 620 M 9 122 M 9 122 M
Net income 2020 1 167 M 1 396 M 1 396 M
Net Debt 2020 73,0 M 87,4 M 87,4 M
P/E ratio 2020 6,66x
Yield 2020 6,32%
Capitalization 7 826 M 9 357 M 9 369 M
EV / Sales 2020 1,04x
EV / Sales 2021 1,07x
Nbr of Employees 10 741
Free-Float 90,2%
Chart AGEAS SA/NV
Duration : Period :
ageas SA/NV Technical Analysis Chart | AGS | BE0974264930 | MarketScreener
Technical analysis trends AGEAS SA/NV
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 44,58 €
Last Close Price 41,85 €
Spread / Highest target 31,4%
Spread / Average Target 6,53%
Spread / Lowest Target -21,1%
EPS Revisions
Managers
NameTitle
Hans de Cuyper Chief Executive Officer
Bart Karel de Smet Chairman
Christophe Boizard Chief Financial Officer & Executive Director
Guy Jacques Marie de Selliers de Moranville Vice Chairman
Lionel Perl Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
AGEAS SA/NV-20.56%9 357
BB SEGURIDADE PARTICIPAÇÕES S.A.-21.96%11 074
TALANX AG-30.15%9 323
GRUPO CATALANA OCCIDENTE, S.A.-11.72%3 878
VIENNA INSURANCE GROUP AG-23.23%3 006
UNIQA INSURANCE GROUP AG-31.39%2 305