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Belgium-based insurance group Ageas has agreed to acquire 25 percent stake in Taiping Reinsurance (TPRe), a subsidiary of China Taiping Insurance Holdings, for a total cash consideration of around HKD 3.1 billion ($404 million) to enter the Asian reinsurance market.
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Ageas, Acquisition, Taiping Reinsurance, China Taiping, Reinsurance, Asia Pacific
