PARIS, 29-12-2015 — /EuropaWire/ — AXA announced today that it had completed the acquisition of SulAmérica Companhia de Seguros Gerais, the Large Industrial and Commercial risks insurance subsidiary of SulAmérica S.A., for a total consideration of BRL 135 million (or ca. Euro 31 million¹).
ABOUT THE AXA GROUP
The AXA Group is a worldwide leader in insurance and asset management, with 161,000 employees serving 103 million clients in 59 countries. In 2014, IFRS revenues amounted to Euro 92.0 billion and IFRS underlying earnings to Euro 5.1 billion. AXA had Euro 1,277 billion in assets under management as of December 31, 2014.
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Link to the press release announcing the transaction on May 22, 2015: AXA to accelerate in Brazil through the acquisition of the P&C large commercial risks insurance subsidiary of SulAmérica
IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS
Certain statements contained herein are forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties. Please refer to the section “Cautionary statements” in page 2 of AXA’s Document de Référence for the year ended December 31, 2014, for a description of certain important factors, risks and uncertainties that may affect AXA’s business. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise.
¹EUR 1 = BRL 4.3276 as of December 25, 2015; Source: Bloomberg