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AXA SA Completes Acquisition of HSBC Bank Plc P&C Businesses in Hong Kong and Singapore

Monday, 5 Nov 2012 02:45am EST 

AXA SA announced that it has completed the acquisition of HSBC Bank Plc P&C operations in Hong Kong and Singapore. Consequently, AXA SA and HSBC Bank Plc have launched their exclusive P&C bancassurance cooperation in these countries. The acquisition of HSBC Bank Plc P&C operations in Mexico will be completed in due course, as well as the launch of the P&C bancassurance cooperation in Mexico, China, India and Indonesia. The financial terms of the acquisition were not disclosed. 

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