AXA acquires 7% of Africa Re’s share capital

AXA announced that it had achieved an agreement to acquire a stake in Africa Re’S share capital.

The transaction, which is expected to reach 60.4 million USD, will give ownership of 7.15% of Africa Re to one of the world leaders in insurance.

The French insurer had already taken, in late 2014, the Nigerian Assur Africa Holding (AAH) for 247.1 million USD and BRE Assurance, a subsidiary of the 4th retail banking in Poland for 155 million USD.

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