Key Developments: AXA SA (AXAF.PA)

AXAF.PA on Paris Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Axa SA Creates AXA Lab, Silicon Valley
Monday, 28 Oct 2013 08:00pm EDT 

Axa SA announced the creation of the AXA Lab, Silicon Valley, located in San Francisco near Silicon Valley. The mission of the AXA Lab, Silicon Valley will be to connect the Company with other companies in the technology industry that have the potential to become business partners; to detect emerging trends that can be leveraged for the benefit of the Company's clients, identify start-ups and new talents; to foster the digital culture within the Company; and to launch pilot digital initiatives before any rollout in other countries.  Full Article

Axa SA's AXA Global P&C Places EUR 350 Million Catastrophe Bonds
Tuesday, 15 Oct 2013 11:47am EDT 

Axa SA announced that its AXA Global P&C has placed EUR 350 million catastrophe bonds within institutional investors. The issuance was divided into two tranches, namely EUR 185 million Class A with a 2.90% coupon and maturing in January 2017; and EUR 165 million Class B with a 2.90% coupon and maturing in January 2018.  Full Article

Axa SA's Private Equity Completes Spin Out to Become Ardian-Reuters
Wednesday, 2 Oct 2013 11:05am EDT 

Reuters reported that AXA SA's private equity arm said on September 30, 2013, that it had completed a spin out from its parent company, with management and employees taking the biggest stake of the newly named Ardian. AXA SA will retain a 23% stake in the independent fund manager, which will run USD 36 billion in assets. Management and employees will hold 46% of the company, with European institutions and French family offices the remainder.  Full Article

Axa SA Completes the Sale of MONY Life Insurance Company to Protective Life Insurance Company
Tuesday, 1 Oct 2013 05:30pm EDT 

Axa SA announced that it has completed the sale of MONY Life Insurance Company (MONY) as well as the reinsurance of an in-force book of life insurance policies, written primarily prior to 2004 by MONY's subsidiary MONY Life Insurance Company of America, to Protective Life Insurance Company. The total cash consideration is USD 1.06 billion or approximately EUR 0.79 billion.  Full Article

Pacific Brands Limited Announces Ownership Interest Of AXA SA, AllianceBernstein Australia Limited And Various Bodies Corporate Controlled By AXA and ABAL
Friday, 27 Sep 2013 02:24am EDT 

Pacific Brands Limited announced that AXA SA, AllianceBernstein Australia Limited And Various Bodies Corporate Controlled By AXA and ABAL holds 45,910,858 number of person's votes which represents 5.03% of the voting power of the Company.  Full Article

Axa SA's Axa UK Sells Bluefin Personal Consulting to Towry-News Managers (L'Agefi)
Thursday, 5 Sep 2013 08:00pm EDT 

News Managers (L'Agefi) reported that British wealth management firm Towry has acquired Bluefin Personal Consulting, the dedicated financial planning affiliate of Axa SA's Axa UK, for an undisclosed total. The transaction is expected to be completed by the end of the year.  Full Article

Axa SA's Axa Real Estate Acquires Offices in Barcelona for EUR 172 Million; Signs Lease Agreement-News Managers (L'Agefi)
Thursday, 27 Jun 2013 08:00pm EDT 

News Managers (L'Agefi) reported that Axa SA's Axa Real Estate has announced the acquisition from Generalitat de Catalunya of a portfolio of offices located in Barcelona for EUR172 million. The portfolio includes 13 properties leased to government bodies. The office properties are all located in the Barcelona business centre and have a total floor area of over 105,000 square metres. The acquisition of 11 of the properties will be completed on June 28, 2013, while the purchase of two other properties will be completed in mid-July 2013. Generalitat will continue to occupy the properties, as it has signed a 20-year lease for annual rent of EUR16.2m.  Full Article

Befimmo SCA Signs Contribution Agreement with Axa SA's Axa Belgium SA for AMCA Building in Exchange for Its 2,037,037 New Shares
Tuesday, 18 Jun 2013 11:40am EDT 

Befimmo SCA announced that it signed with Axa SA's Axa Belgium a contribution agreement for the AMCA building in Antwerp including approximately 58,000 square meters of office space, 1,500 square meters of archives and 500 parking spaces. The building's conventional value has been set at EUR 110 million. The full ownership contribution of the AMCA building will result in an increase in Befimmo SCA's shareholders' equity by an amount of EUR 110 million and will be paid for by the granting Axa Belgium SA 2,037,037 new shares of Befimmo SCA, to be issued upon a capital increase completed within the authorized capital, which will take place at the contribution deed. The issue price of these new shares was set at EUR 54.00 per share. The new shares will have the same rights and benefits as existing shares, including participation in the full dividend for the current fiscal year. They will be listed in NYSE Euronext Brussels in July 2013.  Full Article

Axa SA's AGM Approves FY 2012 Dividend
Tuesday, 30 Apr 2013 11:48am EDT 

Axa SA announced that its Annual General Meeting approved the payment of a EUR 0.72 dividend per share for the fiscal year 2012 to be paid on May 14, 2013 (ex-dividend date: May 9, 2013) – dividend per share was EUR 0.69 for fiscal year 2011.  Full Article

Axa SA Announces Agreement to Buy 50% of Chinese Property & Casualty Insurance Company, Tian Ping
Wednesday, 24 Apr 2013 01:47am EDT 

Axa SA announced that it has entered into an agreement with Tian Ping Auto Insurance Company Limited (Tian Ping) shareholders to acquire 50% of the company. Under the terms of the agreement and subject to regulatory approval, Axa will buy 33% of the company from Tian Ping's current shareholders for RMB 1.9 billion (or EUR 237 million) and subscribe to a dedicated capital increase for RMB 2.0 billion (or EOR 248 million) to support future growth. Axa and Tian Ping's current shareholders will jointly control Tian Ping. Tian Ping has Property & Casualty licenses covering most Chinese provinces as well as a direct distribution license covering all these provinces and is mainly focusing on motor insurance.  Full Article

BRIEF-Axa says selling romanian life and savings activities to certinvest (70 percent) and sif transilvania (30 percent, terms not disclosed

* Axa says selling romanian life and savings activities to certinvest (70 percent) and sif transilvania (30 percent, terms not disclosed

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