AXA to Acquire Alpha Insurance
2006年10月16日 - 5:07PM
PRニュース・ワイアー (英語)
Long Term Bancassurance Agreement with Alpha Bank PARIS, Oct. 16
/PRNewswire-FirstCall/ -- AXA announced today it has entered into
an agreement with Alpha Bank to acquire its insurance subsidiary
Alpha Insurance for Euro 255 million. AXA and Alpha Bank, Greece's
second largest bank, have signed a long-term exclusive agreement to
pursue and strengthen the existing bancassurance partnership. Alpha
Insurance is one of the top ten composite insurers on the Greek
market with solid positions on profitable segments. It has a strong
distribution network, notably through its 700 tied agents and the
380 branches of Alpha Bank. Alpha Insurance recorded revenues of
Euro 151 million in 2005. It will be integrated to AXA's
Mediterranean Region platform upon completion of the acquisition.
Jean-Raymond Abat, Head of AXA's Mediterranean Region, said: "The
acquisition of Alpha Insurance is an excellent opportunity to enter
the Greek market, which offers very attractive growth prospects. By
combining AXA's insurance expertise with Alpha Bank's distribution
capability, we are confident of ensuring the future success and
development of the Alpha Insurance business in Greece". Completion
of the acquisition is subject to regulatory approvals in Greece.
This press release is available on the AXA Group web site:
http://www.axa.com/ About AXA AXA Group is a worldwide leader in
Financial Protection. AXA's operations are diverse geographically,
with major operations in Western Europe, North America and the
Asia/Pacific area. AXA had Euro 1,091 billion in assets under
management as of June 30, 2006, and reported total revenues of Euro
41 billion and underlying earnings of Euro 2,090 million for the
first half of 2006. The AXA ordinary share is listed and trades
under the symbol AXA on the Paris Stock Exchange. The AXA American
Depository Share is also listed on the NYSE under the ticker symbol
AXA. Investor Relations: Etienne Bouas Laurent: +33.1.40.75.46.85
Emmanuel Touzeau: +33.1.40.45.49.05 Sophie Bourlanges:
+33.1.40.75.56.07 Kevin Molloy: +1.212.314.2893 Media Relations:
Christophe Dufraux: +33.1.40.75.46.74 Clara Rodrigo:
+33.1.40.75.47.22 Armelle Vercken: +33.1.40.75.46.42 Mary Taylor:
+1.212.314.5845 IMPORTANT LEGAL INFORMATION AND CAUTIONARY
STATEMENTS CONCERNING FORWARD- LOOKING STATEMENTS Certain
statements contained herein are forward-looking statements
including, but not limited to, statements that are predications of
or indicate future events, trends, plans or objectives. Undue
reliance should not be placed on such statements because, by their
nature, they are subject to known and unknown risks and
uncertainties, including the risk that the proposed acquisition may
not be consummated. Please refer to AXA's Annual Report on Form
20-F and AXA's Document de Reference for the year ended December
31, 2005, for a description of certain important factors, risks and
uncertainties that may affect AXA's business. AXA undertakes no
obligation to publicly update or revise any of these forward-
looking statements, whether to reflect new information, future
events or circumstances or otherwise. DATASOURCE: AXA CONTACT:
Investor Relations: Etienne Bouas Laurent, +33-1-40-75-46-85,
Emmanuel Touzeau, +33-1-40-45-49-05, Sophie Bourlanges,
+33-1-40-75-56-07, Kevin Molloy, +1-212-314-2893, or Media
Relations: Christophe Dufraux, +33-1-40-75-46-74, Clara Rodrigo,
+33-1-40-75-47-22, Armelle Vercken, +33-1-40-75-46-42, or Mary
Taylor, +1-212-314-5845, all for AXA Web site: http://www.axa.com/
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