Stibbe has successfully advised New York Life Insurance Company regarding the sale of a 33.33% stake in Candriam SCA by Candriam Group to Belfius Bank. This significant transaction reinforces the strategic partnership between Candriam and Belfius, highlighting their shared commitment to long-term, sustainable asset management practices. The deal is still pending regulatory approval.
Transaction Details and Impact
The transaction represents a crucial development in the strategic alliance between Candriam and Belfius. By strengthening their partnership, both entities are better positioned to achieve their long-term asset management objectives while maintaining their focus on sustainability.
Key Contacts
