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Axa likely to sell its unit in Azerbaijan

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France-based insurer Axa S.A. is likely to sell its subsidiary in Azerbaijan – AXA MBask Insurance Co. O.J.S.C., Azernews reported citing sources. Axa has reached a preliminary agreement to sell 100% stake to Elkhan Garibli, founder of Axa MBask, the source said. "The deal will be completed after permission is obtained from the relevant authorities," the source added.

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