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Axa in talks to sell Greek operations to Generali

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Axa

French insurer Axa SA is in talks to sell its Greek operations to Italian insurer Assicurazioni Generali SpA, Verdict reports citing sources. Axa aims to use the sale proceeds to bolster its property/casualty operations. Greece-based Axa Insurance SA generates revenue of more than €160 million ($190 million) per year.

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