Axa confirms 51% purchase of MGA Prima for EUR500mn
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Axa confirms 51% purchase of MGA Prima for EUR500mn

The transaction is expected to have a price-to-earnings multiple of 11x.

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m&a handshake office

Axa has confirmed an agreement to purchase 51% of Italian MGA Prima in a deal worth EUR500mn ($571mn).

Call/put options price-tied to Prima’s earnings have been granted to Axa and minority shareholders for the remaining 49%.

The

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