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BNP BNP Paribas

68.36
0.00 (0.00%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
BNP Paribas EU:BNP Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 68.36 67.77 68.64 0.00 01:00:00

Intesa to Buy Insurer Cargeas for EUR390 Million

08/02/2021 2:38pm

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BNP Paribas (EU:BNP)
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By Pietro Lombardi

 

Intesa Sanpaolo SpA has reached an agreement with BNP Paribas Cardif to buy Italian insurer Cargeas Assicurazioni SpA for 390 million euros ($469.9 million).

The Italian bank insurance business, Intesa Sanpaolo Vita, and French bank BNP Paribas SA's insurance unit said Monday that they have signed a memorandum of understanding related to the deal, while the final agreement should by signed by the end of the month.

The deal is expected to close in the first half of the year.

 

Write to Pietro Lombardi at pietro.lombardi@wsj.com; @pietrolombard10

 

(END) Dow Jones Newswires

February 08, 2021 09:23 ET (14:23 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.

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