French insurer AXA SA is planning to take a “significant stake” in Russian aluminum giant United Co. Rusal, which is aiming to raise funds by listing shares and depository receipts in Hong Kong and Paris, French business daily La Tribune reports Monday, citing unspecified sources.
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French insurance giant AXA said Monday it would raise capital of two billion euros (3.0 billion dollars) to finance takeovers, particularly its Australian branch AXA Asia Pacific Holdings. "We want to go on the offensive," Henri de Castries, chairman of AXA's management board, told reporters, adding that it was "the…
Nov 9, 2009
In "Featured"
French insurer AXA is in the early stages of selling its 15 percent stake in China's Taikang Life Insurance Company, in a deal that could fetch as much as $1 billion, sources said on Thursday. Morgan Stanley is advising AXA on the sale of the stake, sources said, with the…
Oct 22, 2009
In "Financial News"
French insurance giant AXA has bought a majority share in leading Azerbaijani insurance provider MBASK, the Azerbaijani company said Thursday. MBASK said in a statement that AXA had bought a 51 percent stake in the company from the European Bank for Reconstruction and Development (EBRD) and company chairman Eldar Garibov…
Oct 14, 2010
In "51 percent stake"
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