Belgian Argenta to sell damage insurance business

Belgian banking and insurance group Argenta said Friday it has agreed to sell its damage insurance activities, part of Argenta Assuranties, to insurer Van Ameyde Belgium, for an undisclosed sum.

The move will have no consequences for all 25 employees at the division.

The deal involves Argenta's motor vehicles, fire and third-party insurance portfolio and is expected to be completed in the fourth quarter of the year.

Country: Belgium;

Sector: Insurance

Target: Argenta's damage insurance business

Buyer: Van Ameyde Belgium

Vendor: Argenta Group

Type: Divestment

Status: Agreed

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