AXA to Sell Franchise in Hong Kong for EUR237 Million
2017年12月23日 - 02:47AM
Dow Jones News
By Marc Navarro Gonzalez
AXA SA (CS.FR) has sold its Swiss Privilege brand in Hong Kong
to Jeneration Holdings Limited for around 237 million euros ($281.3
million,) the company said Friday.
The French insurer said the deal is to be fully paid at closing,
and is expected to be finalized by the end of 2018 or 2019.
AXA operates its life insurance franchise AXA Wealth Management
Limited in Hong Kong through its Swiss Privilege brand, it
said.
The company said the operation will allow it to simplify both
its portfolio and corporate structure in Hong Kong.
Write to Marc Navarro Gonzalez at
marc.navarrogonzalez@dowjones.com
(END) Dow Jones Newswires
December 22, 2017 12:32 ET (17:32 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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