Goldman Sachs interested in AXA's share in Taikang Life

Goldman Sachs seems to be close to purchase a 15.6% share held by AXA in the Chinese insurance group Taikang Life. This shareholding is estimated at 1 billion USD. AXA got this asset following the takeover of Winterthur in 2006. Ever since, the French company has been present in two insurance groups in the country. Taikang Life has a market share of 8% in China, its assets amount to 28 billion USD, and the group posted a net resultof 250 million USD in 2008.