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CGNU sells Belgian general insurance arm

CGNU is selling its main general insurance business in Belgium to Winterthur Europe Assurances SA, Credit Suisse&#39s Belgian subsidiary.

Winterthur will pay £72m for CGU SA, which had gross written premiums of £106m in 2000.

The transaction is subject to regulatory approval and is expected to be completed in the second half of 2001.

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