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CS Axa

38.24
-0.28 (-0.73%)
Last Updated: 11:34:48
Delayed by 15 minutes
Share Name Share Symbol Market Type
Axa EU:CS Euronext Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.28 -0.73% 38.24 38.24 38.25 38.67 38.16 38.61 876,057 11:34:48

AXA Gets EU Clearance for Acquisition of Credit Mutuel's Spain Unit

08/05/2023 1:00pm

Dow Jones News


Axa (EU:CS)
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From Mar 2023 to Mar 2025

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By Adria Calatayud

 

The European Union's executive arm said Monday that it has approved AXA's proposed acquisition of Groupe des Assurances du Credit Mutuel's Spanish subsidiary.

The European Commission--the EU's antitrust enforcer--said it concluded that the proposed acquisition would raise no competition concerns given the parties' moderate combined market positions.

French insurer AXA in October said its Spanish business had entered into exclusive talks to acquire GACM Espana for 310 million euros ($341.5 million) in cash, subject to potential contractual adjustment.

 

Write to Adria Calatayud at adria.calatayud@dowjones.com

 

(END) Dow Jones Newswires

May 08, 2023 07:45 ET (11:45 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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