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Name | Symbol | Market | Type |
---|---|---|---|
AXA SA (QX) | USOTC:AXAHY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.47 | 1.35% | 35.22 | 35.18 | 35.26 | 35.29 | 34.98 | 35.17 | 140,384 | 20:05:21 |
By Inti Landauro
PARIS--French insurance company AXA SA (CS.FR) bought an 8% stake in Africa Internet Group for 75 million euros ($83.7 million) to gain a foothold in the African insurance market.
As part of the deal, the Lagos-based company will sell AXA insurance products on its websites, the French company said in a statement.
AXA foresees business opportunities in Africa where an emerging middle class is fast developing and is underserved by insurance companies.
-Write to Inti Landauro at inti.landauro@wsj.com
(END) Dow Jones Newswires
February 08, 2016 03:59 ET (08:59 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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