BRIEF-AXA to spin out private equity arm-FT

Sept 29 Sun Sep 29, 2013 3:35pm EDT

Sept 29 (Reuters) - Axa SA : * French insurer Axa SA to spin out private equity arm - financial times * Plans to reduce stake in private equity unit to 21 percent - financial times * Deal values unit at 510 million euros - ft * Dominique senequier to own 10 percent shares in new company- ft * Employees to own 46 percent stake in spin off- financial times * Spin off deal to be announced early this week - financial times * For more news, please click here

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

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