Report
Cor Kluis

Ageas : No DLG bid next 6 months as DLG does not want to engage, looking further

>Conclusion: No DLG bid next 6 months as DLG does not want to engage - Ageas mentioned that they will not make a bid for Direct Line Group (DLG) the next six months as DLG does not want to engage with them. Ageas would be allowed to make a bid if DLG wants to engage or if there would be another takeover attempt by a third party for DLG. Ageas shareholders showed they like it to become less depended on China. In this respect Ageas could also engage in other (better) ta...
Underlying
Ageas SA/NV

Ageas is an insurance company engaged in providing a range of life and non-life products distributed through a variety of channels. Co. focuses on helping its customers to mitigate risks related to property, casualty, life and pensions. Co. serves its customers through a combination of wholly owned subsidiaries, equity associates and partnerships, with financial institutions and distributors in Belgium, the U.K., Luxembourg, Italy, Portugal, Turkey, France, China, Malaysia, India, Thailand and Hong Kong. Co. is organized into five operating segments: Belgium, U.K., Continental Europe, Asia, and General Account.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Cor Kluis

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