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Axa reaps 200 mln eur gain in private-equity sale
September 30, 2013 / 3:33 PM / 4 years ago

Axa reaps 200 mln eur gain in private-equity sale

PARIS, Sept 30 (Reuters) - Axa said on Monday that the spin-off of its private equity arm had resulted in a capital gain of 200 million euros ($271 million).

The French insurer will retain a 22.6 percent stake in the now-independent fund manager, which renamed itself Ardian. ($1 = 0.7385 euros) (Reporting by Natalie Huet; editing by Lionel Laurent)

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