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Axa SA to Acquire 51% of Colpatria’s Insurance Operations and Enter Colombian Market

Sunday, 10 Nov 2013 07:00pm EST 

Axa SA announced that it has entered into an agreement with Grupo Mercantil Colpatria to acquire a 51% stake in its composite insurance operations in Colombia (“Colpatria Seguros”) for a total consideration of COP 672 billion (EUR 259 million). Axa SA expects to consolidate the acquired operations within its Mediterranean & Latin American Region. 

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