AXA to Sell Hungarian Life, Savings Insurance Business
23 Dezember 2013 - 7:00PM
Dow Jones News
By Nadya Masidlover
PARIS--French insurance company AXA SA (CS.FR) said Monday it
has signed an agreement to sell its Hungarian life and savings
insurance businesses to Vienna Insurance Group (VIG.VI).
The deal will lead to an exceptional capital loss of 40 million
euros in AXA's annual results of 2013.
The insurer added that it continues to have banking activities
in Hungary.
-Write to Nadya Masidlover at nadya.masidlover@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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