Axa to buy Chinese JV, eyes expansion
Posted On: Sep. 3, 2019 5:51 AM CST
France-based insurer Axa S.A. is buying its joint venture unit in China and plans to expand its operations in the country after the acquisition, China Daily reported citing sources. Axa is purchasing the 50% stake in the joint venture for 4.6 billion Chinese yuan ($642 million).