AXA to purchase Winterthur unit of Credit Suisse
Article Abstract:
AXA Group of France is to purchase the Winterthur Insurance Co. of Switzerland for 12.3 billion Swiss Francs ($9.9 billion). The deal is being financed with a stock float of 4.8 billion Euros ($6 billion). The move would give AXA Group greater market share in Switzerland and international markets.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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Banque Populaire to acquire stake in Fonica
Article Abstract:
Groupe Banque Populaire of France is to purchase a 61 percent stake in Fonica Groupe also of France for aproximately 800 million Euros ($1 billion). The French banking interest is growing into the real estate market. Fonica Groupe posted 360 million Euros in earnings for 2005.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2007
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AXA likely to quit reinsurance after receiving offer for unit
Article Abstract:
AXA Group of France has received an offer for its reinsurance unit Axa Re from Paris Re Holdings Ltd. also of France. AXA Group will be paid 120 million Euros ($146.8 million) more than the reinsurance unit's net market value.
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2006
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