Axa SA completes acquisition of 50 percent of Tian Ping


Thursday, 20 Feb 2014 02:32am EST 

Axa SA:Completes acquisition of 50 percent of Tian Ping Auto Insurance Company Ltd.Buys 33 percent of the company from Tian Ping's current shareholders for RMB 1.9 billion (or Euro 240 million).Subscribes to capital increase for RMB 2.0 billion (or Euro 251 million), raising its stake to 50 percent. 

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3:59pm EDT