Baloise to sell its Belgian life insurance portfolio

BâloiseSources close to the matter have indicated that Baloise is planning to sell its Belgian life insurance portfolio, worth 1 billion EUR (1.1 billion USD).

The Swiss insurer is reportedly in talks with the Dutch ING group about a possible deal.

Discussions are said to have reached an advanced stage, and an agreement may be signed shortly.

No comments have been made by either company.

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