AXA sells its operations in Central and Eastern Europe for €1bn

Pedro Gonçalves
AXA sells its operations in Central and Eastern Europe for €1bn

French insurance company AXA has entered into a deal to sell its operations in Poland, Czech Republic and Slovakia to UNIQA Insurance Group for €1bn. Under the terms of the agreement with UNIQA, AXA will sell 100% of its Life & Savings, Property & Casualty and Pension businesses in Central and Eastern Europe. The purchase price of €1.002bn represents an implied 12.4x 2019E P/E multiple, and is expected to boost AXA's Solvency II ratio by 2 points. AXA CEO Thomas Buberl said: "This trans...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?