AXA to Make EUR82 Million Loss on Sale of UK Unit Bluefin to Marsh
January 02 2017 - 4:08AM
Dow Jones News
By Inti Landauro
PARIS--French insurance giant AXA SA (CS.FR) Monday said the
sale of its U.K. unit Bluefin Insurance Group Ltd. to Marsh will
have an 82 million euro ($86.3 million) negative effect on its 2016
net profit figure.
The negative effect will be bigger than the EUR66 million AXA
had originally estimated when it said in November it had agreed to
sell its Bluefin unit for GBP295 million ($364.2 million).
AXA said on Monday it had completed the sale.
Marsh, a insurance broking and risk management company, is a
subsidiary of Marsh & McLennan Cos.
Ambroise Ecorcheville contributed to this article.
-By Inti Landauro at Inti.Landauro@wsj.com
(END) Dow Jones Newswires
January 02, 2017 03:53 ET (08:53 GMT)
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