French bank may not buy all the Fortis insurance operation
BNP Paribas is considering not buying all of Fortis' insurance operations to appease minority shareholders of the Belgian-Dutch bank, French business daily La Tribune reported and Reuters appears to have confirmed.
BNP Paribas will a 51% stake in Fortis' insurance operations, the paper reports.
Legal hurdles surrounding the break-up and sale of Fortis could lead French bank BNP Paribas to renegotiate parts of the transaction, a source close to the deal told Reuters.
"One could envisage areas of negotiations, such as buying a smaller stake in Fortis' insurance units," said the source.
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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
