CNP Assurances sells to Barclays its stake in BVP for $555 million

PARIS: CNP Assurances said on Monday it was selling to Barclays Bank its 50 per cent stake in CNP Barclays Vida Y Pensiones (CNP BVP), for 453 million euros ($555 million) including a special dividend.

The transaction is expected to close by the middle of 2015 and should result in a capital gain of about 200 million euros, CNP said in a statement.