Axa completes $264m sale of insurance operations in Gulf
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Axa completes $264m sale of insurance operations in Gulf

Luke Harrison
07 September 2021
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Axa has completed the $264mn sale of its 50% shareholding in Axa Gulf and its 34% shareholding in Axa Cooperative Insurance Company, in Saudi Arabia, to Gulf Insurance Group.

Additionally, the $5mn sale of Axa’s 28% share in Axa Green Crescent Insurance Company in the UAE has received the required regulatory approvals and is expected to close shortly.

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Axa M&A News
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Luke Harrison
Reporter
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