Ageas NV
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About Ageas NV
Ageas was spun out of Fortis during the financial crisis after a consortium including Banco Santander and Royal Bank of Scotland launched a failed bid for ABN Amro. The takeover was badly timed and overly ambitious, and to fund it Fortis started selling noncore divisions while writing down collateralized debt. As Fortis’ capital began to decline, the company initiated a rights issue, and the long-held promised dividend was suspended. As Fortis’ share price began to decline and financial market conditions continued to worsen, with a series of leadership changes, customers began to withdraw deposits. Fortis was approached by the government and sold its domestic banking operations to the Belgian government. It also spun off its asset management and insurance, which later became Ageas.
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The ticker symbol for Ageas NV is AGS:xbru. You can use this code to quickly find the stock in Saxo’s platforms and track its price and performance.
Ageas NV has its primary listing on Euronext Brussels. You can trade Ageas NV with a Saxo account, alongside thousands of other stocks worldwide.
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