AXA to Sale 40 Million EQH Shares for $834 Million

Date : 06/07/2019 @ 7:24AM
Source : Dow Jones News
Stock : Barclays Plc (BARC)
Quote : 157.6  0.0 (0.00%) @ 1:00AM
Barclays share price Chart

AXA to Sale 40 Million EQH Shares for $834 Million

Axa (EU:CS)
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By Olivia Bugault

 

AXA SA (CS.FR) said Thursday that it has sold 40 million shares of its subsidiary AXA Equitable Holdings Inc. (EQH), known as EQH, for $834 million.

AXA said that the shares have been sold for a net price of $20.85 each.

The company has granted its underwriters --Barclays and Morgan Stanley-- a 30-day option to buy up to 6 million additional shares of EQH.

AXA's stake in EQH will fall to roughly 40.1% from around 48.3% upon completion of the offering, AXA said.

 

Write to Olivia Bugault at olivia.bugault@dowjones.com

 

(END) Dow Jones Newswires

June 07, 2019 02:09 ET (06:09 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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