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Ageas eyes more acquisitions in Portugal following Axa takeover

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Steven Braekeveldt, an official at Belgium-based insurer Ageas S.A., has said that the insurer is looking at new acquisitions in Portugal after recently completing the takeover of Axa S.A.'s Portuguese units, Porto Canal reports.

Mr. Braekeveldt said that Ageas believes in the growth potential of the Portuguese insurance sector. The Belgian insurer is forming a team that will lead its unit in Portugal, said Mr. Braekeveldt.

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