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AXA — M&A Activity 2014
Feb 20, 2014
1135_iss_2014-02-20_efd316f2-0e7f-44fa-b105-5a8fe113b9d7.pdf
M&A Activity
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AXA PRESS RELEASE
PARIS, FEBRUARY 20, 2014
AXA has completed the acquisition of 50% of Tian Ping
AXA announced today that it has completed the acquisition of 50% of Tian Ping Auto Insurance Company Limited ("Tian Ping"). AXA bought 33% of the company from Tian Ping's current shareholders for RMB 1.9 billion (or Euro 240 million1 ) and subsequently subscribed to a capital increase for RMB 2.0 billion (or Euro 251 million1 ) to support future growth, raising its stake to 50%.
ABOUT THE AXA GROUP
Varvara Romanenco: +33.1.40.75.73.63
The AXA Group is a worldwide leader in insurance and asset management, with 160,000 employees serving 102 million clients in 57 countries. In 2012, IFRS revenues amounted to Euro 90.1 billion and IFRS underlying earnings to Euro 4.3 billion. AXA had Euro 1,116 billion in assets under management as of December 31, 2012.
The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS (ISN FR 0000120628 – Bloomberg: CS FP – Reuters: AXAF.PA). AXA's American Depository Share is also quoted on the OTC QX platform under the ticker symbol AXAHY.
The AXA Group is included in the main international SRI indexes, such as Dow Jones Sustainability Index (DJSI) and FTSE4GOOD.
It is a founding member of the UN Environment Programme's Finance Initiative (UNEP FI) Principles for Sustainable Insurance and a signatory of the UN Principles for Responsible Investment.
THIS PRESS RELEASE IS AVAILABLE ON THE AXA GROUP WEBSITE
| Investor Relations: Mattieu Rouot: Jennifer Lejeune: Yael Beer-Gabel: Florian Bezault: Clémence Houssay: |
Individual Shareholder Relations: +33.1.40.75.46.85 +33.1.40.75.48.43 +33.1.40.75.39.27 +33.1.40.75.47.93 +33.1.40.75.59.17 +33.1.40.75.73.22 |
Hélène Caillet: | Media Relations: Garance Wattez-Richard: +33.1.40.75.46.42 +33.1.40.75.55.51 Jean-Baptiste Mounier: +33.1.40.75.46.68 |
|---|---|---|---|
| Varvara Romanenco : +33.1.40.75.73.63 |
IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS
Certain statements contained herein are forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties. Please refer to the section "Cautionary statements" in page 2 of AXA's Document de Référence for the year ended December 31, 2012, for a description of certain important factors, risks and uncertainties that may affect AXA's business. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise.
—1 Based on Euro / RMB Forex rate as of February 19, 2014 (Euro 1 = RMB 7.982)