Subscribe

  • Subscribe

AXA to buy 50 pct of Tian Ping

Posted by | April 24, 2013 .

PARIS – AXA said it agreed to buy 50 percent of Chinese property and casualty insurance company Tian Ping for 485 million euros ($631 million) to strengthen its position in high-growth markets.

AXA and Tian Ping’s current shareholders will jointly control Tian Ping, while AXA’s existing Chinese property and casualty operations are expected to be integrated within the new joint venture, AXA said in a statement on Wednesday. (Reuters)

Share and Enjoy

  • Facebook
  • Twitter
  • Delicious
  • LinkedIn
  • StumbleUpon
  • Add to favorites
  • Email
  • RSS
Tags: , , , , , , , , , ,