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AXAHY AXA SA (QX)

35.22
0.47 (1.35%)
Last Updated: 20:05:21
Delayed by 15 minutes
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

AXA Buys 8% Stake in Africa Internet Group For EUR75 Million

08/02/2016 9:14am

Dow Jones News


AXA (QX) (USOTC:AXAHY)
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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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