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Axa to buy Chinese JV, eyes expansion

Posted On: Sep. 3, 2019 5:51 AM CST

Doing business in China

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).

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