We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 | |
---|---|---|---|---|---|---|---|---|---|---|
-0.574 | -1.67% | 33.836 | 33.73 | 33.89 | 34.0199 | 33.6171 | 33.98 | 110,385 | 21:00:03 |
By Cecilia Butini
Assicurazioni Generali SpA said Thursday that it has signed an agreement to acquire AXA SA's Greek subsidiary AXA Insurance SA, also known as AXA Greece, for a consideration of 165 million euros ($202.9 million).
The Italian insurance giant also said that it has renegotiated a distribution agreement in place between AXA Greece and Alpha Bank which was set to expire in March 2027. It is now extended for 20 years from the closing of the acquisition, Generali said. That entails future payments from Greek Generali companies to Alpha bank, the amount of which will depend on the performance of the partnership, according to the insurer.
AXA said in a separate statement that the agreement will center around its Life&Savings and Property&Casualty businesses in Greece. It added that the transaction is expected to be finalized by the end of the second quarter of 2021.
Write to Cecilia Butini at cecilia.butini@wsj.com
(END) Dow Jones Newswires
December 31, 2020 02:30 ET (07:30 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
1 Year AXA (QX) Chart |
1 Month AXA (QX) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions