Clifford Chance advises Fosun on the sale of a 9% stake in insurance group Ageas to BNP Paribas Cardif for about EUR 730 million

Clifford Chance advises Fosun on the sale of a 9% stake in insurance group Ageas to BNP Paribas Cardif for about EUR 730 million

Clifford Chance advises Fosun on the sale of its stake in insurance group Ageas to BNP Paribas Cardif.

Clifford Chance has advised Fosun International Limited on the sale of its stake in Ageas to BNP Paribas Cardif. The transaction positions BNP Paribas Cardif as the largest shareholder in Ageas. Ageas is the leading insurance company in Belgium and holds interests in insurance companies in Portugal, the UK and various Asian countries.

The Clifford Chance team was led from Brussels by partners Niek De Pauw and Lounia Czupper, together with associates Gillis Waelkens and Valerie Ghysels. Partner Alexandre Ooms (Brussels) advised on tax aspects, partner Cheng Li Yow and senior associate Nancy Li (London) advised on UK regulatory aspects, and partners Terry Yang and Tianning Xiang, and associates Xuemei Wang and Greg Chan (Shanghai and Hong Kong) advised on aspects of derivatives and on Hong Kong listing rules.