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| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.44 | -1.38% | 31.43 | 31.31 | 31.60 | 32.00 | 30.50 | 32.00 | 5,611,738 | 16:40:00 |
From May 2019 to May 2024
By Razak Musah Baba
LONDON--Legal & General Group PLC (LGEN.LN) and Commercial International Bank SAE have sold Commercial International Life Insurance Company SAE to AXA S.A., for $97.5 million.
Commercial International Life Insurance is jointly owned by Legal & General with 55%, and CIB with 45% respectively.
Completion of the transaction is subject to customary closing conditions, including the receipt of regulatory approvals, and is expected to take place by the end of 2015, Legal & General said Monday.
CIL was formed in 1998 and was the first life insurance company in Egypt to adopt the bancassurance model.
-Write to Razak Musah Baba at razak.baba@wsj.com; Twitter: @Raztweet
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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