| Sourcews Report |
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| Date indexed : |
05/07/08 - 22:20 |
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| Update : |
05/07/08 - 22:20 |
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| AXA completes the acquisition of a 36.7% stake in Russian insurer RESO GARANTIA |
| Source : AXA |
[...] PRESS RELEASE / AXA COMPLETES THE ACQUISITION OF A 36.7% STAKE IN RUSSIAN INSURER RESO GARANTIA Paris, June 18, 2008 AXA announced today it has completed the acquisition of 36.7% of the share capital of RESO GARANTIA, Russia's 2nd largest P&C insurer. The transaction, which was announced on December 21, 2007, closed on June 17, 2008. * * * About AXA AXA Group is a worldwide leader in Financial Protec tion. AXA's operations are di verse geographically, with major operations in Europe, North America and the Asia/Pacific area. AXA had Euro 1,281 billion in assets under management as of December 31, 2007. For full year 2007, IFRS revenues amounted to Euro 93.6 billion and IFRS adjusted earnings to Euro 6.1 billion. The AXA ordinary share is listed on compartment A of Eu ronext Paris under the ti cker symbol CS (ISIN FR0000120628 – Bloomberg: CS FP – R euters: AXAF.PA ). The American Depos itory Share is also listed on the NYSE under the ticker symbol AXA. This press release is ava [...] |
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