AXA obtained the approval of Green Crescent' shareholders

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The shareholders of Green Crescent Insurance have agreed, at an extraordinary general meeting of the company, the proposed strategic alliance with AXA and its emirate's partner Kanoo Group.

The transaction includes the doubling of the capital of Green Crescent to 54.4 million USD, the acquisition by AXA and Kanoo groups of a majority stake in it and the renaming of the company.

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Mon, 02/06/2014 - 15:39
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