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Euronews

Eleanor Butler

Belgian insurer Ageas acquires UK’s Esure from Bain Capital for €1.5bn

Ageas Esure Bain Capital United Kingdom Direct Line Aviva

Belgium’s Ageas has agreed to buy UK insurer Esure from private equity firm Bain Capital for around £1.3 billion (€1.5bn).

Insurer Ageas said the deal would allow it to save at least £100 million (€115.8mn) per year before tax, according to a statement released on Monday.

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