Axa Equitable Holdings listed

The group Axa has officially launched the listing of Axa Equitable Holdings, the American subsidiary specialized in life insurance and asset management. The French insurer plans on ceding 137.25 million shares (out of a total of 561 million shares) for a price comprised between 24 and 27 USD per share. This move is likely to generate the amount of nearly 3 billion EUR (3.6 billion USD).

This financial contribution will make it possible to partially finance the acquisition of its Bermudan competitor XL Group, a mega transaction that would amount to more than 12 billion EUR (14.6 billion USD).

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