AXA announced today that it has completed the sale of its Life & Savings, Property & Casualty and Pension businesses in Poland, Czech Republic and Slovakia to UNIQA Insurance Group AG (“UNIQA”), for a total cash consideration of Euro 1.0 billion.
The completion of the transaction is expected to result in a positive impact of +2 points on AXA Group’s Solvency II ratio in 4Q20.
AXA ‘very well positioned’ post-Covid as it works towards 2023 strategy
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AXA has completed the sale of its operations* in Central and Eastern Europe for Euro 1.0 billion