Cinven to buy AXA Life Europe for 1.2 bln euros

AXA said Aug 1 that it received an “irrevocable offer” from Cinven to buy AXA Life Europe. AXA said the sale could generate 1.165 billion euros ($1.4 billion), including a 240 million euro capital distribution. Axa Life Europe, of Dublin, designs, makes and distributes AXA’s Variable Annuity products across Europe.

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