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BREJY mBank SA (PK)

4.42
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
mBank SA (PK) USOTC:BREJY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 4.42 7.28 8.38 0.00 19:26:58

AXA to Buy BRE Insurance from Poland's mBank

12/09/2014 11:08am

Dow Jones News


mBank (PK) (USOTC:BREJY)
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By Inti Landauro

PARIS--French insurance group AXA SA (CS.FR) Friday said it reached an agreement with Polish bank mBank SA (MBK.WA) to buy its property and casualty insurance business BRE Insurance for about 136 million euros ($175 million) in a bid to expand in the Central European country.

AXA also signed a 10-year partnership distribution agreement with mBank, the French company said Friday in a statement.

The completion of the transaction depends on the approval of regulators. AXA may pay up to an additional EUR7 million to mBank so long as its unit reach certain targets.

-Write to Inti Landauro at inti.landauro@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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