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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.
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(END) Dow Jones Newswires
June 07, 2019 02:09 ET (06:09 GMT)
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