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Ageas and BNP Paribas Cardif take full ownership of UBI Assicurazioni

  • 06.08.2014

UBI AssicurazioniAgeas and BNP Paribas Cardif have reached an agreement with UBI Banca to acquire the remaining 50% – 1 share in the share capital of UBI Assicurazioni (UBIA), for a total amount of 75 million EUR subject to a closing adjustment.

UBIA is one of the leading non-life bancassurance players in the Italian market. This transaction completes the 2009 joint acquisition of the majority stake in UBIA.

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