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Ageas: Small Portugal Health Deal, Immaterial

FINANCIALS

Ageas (AGSBB: A-/A-) is buying 100% of OneStone, a Portuguese network of private health clinics operating under the brand of "One Clinics". There are no terms but looks like 14 clinics across the country with a focus on rehab and physio. Fits with broader health insurance strategy but appears immaterially small.

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