Ageas and Fosun: Transparency notification
Ageas and Fosun: Transparency notification In accordance with the rules on financial transparency*, Fosun has notified Ageas on 13 August 2024 that, on 9 August 2024, its interest has fallen below the statutory threshold of 3% of the shares issued by Ageas. Its current shareholding stands at 1.11%. Reason for the notificationAcquisition or disposal of voting securities or voting rights Downward crossing of the lowest threshold Notification byA parent undertaking or a controlling person Persons subject to the notification requirementSee annex 1a Date on which the threshold is crossed9 August 2024 Threshold that is crossed (in %)3% Denominator187,971,187 Notified detailsSee annex 1 b Chain of controlled undertakings through which the holding is effectively held, if applicableThe full chain of command can be found on https://www.ageas.com/investors/shareholders This press release and the notifications received by Ageas are available on the website. * article 14, paragraph 1 of the law of 2 May 2007 on disclosure of major holdings us provisions. Ageas is a listed international insurance Group with a heritage spanning 200 years. It offers Retail and Business customers Life and Non-Life insurance products designed to suit their specific needs, today and tomorrow, and is also engaged in reinsurance activities. As one of Europe's larger insurance companies, Ageas concentrates its activities in Europe and Asia, which together make up the major part of the global insurance market. It operates successful insurance businesses in Belgium, the UK, Portugal, Türkiye, China, Malaysia, India, Thailand, Vietnam, Laos, Cambodia, Singapore, and the Philippines through a combination of wholly owned subsidiaries and long term partnerships with strong financial institutions and key distributors. Ageas ranks among the market leaders in the countries in which it operates. It represents a staff force of about 50,000 people and reported annual inflows of EUR 17.1 billion in 2023. 