Axa Says It Intends to IPO Its U.S. Operations
Alert: HALISTER
Source: BFW (Bloomberg First Word)
Tickers
CS FP (AXA SA)
AB US (AllianceBernstein Holding LP)
Topics
BFW Equity Capital Markets U.S.
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UUID: 7947283
(Bloomberg) -- Axa aims listing of minority stake of its U.S. operations, Paris-based insurer says by e-mail.
- Listing is expected to consist of U.S. Life & Savings business and Axa’s interests in AllianceBernstein
- Axa aims to create “a leading U.S.-based diversified financial institution benefiting from enhanced strategic flexibility”
- Proceeds of the IPO to be reinvested in Axa’s “priority segments and/or potentially returned to shareholders, depending on opportunities and market conditions”
- Axa reaffirms its key 2020 financial targets
Alert: HALISTER
Source: BFW (Bloomberg First Word)
Tickers
CS FP (AXA SA)
AB US (AllianceBernstein Holding LP)
Topics
BFW Equity Capital Markets U.S.
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283