AXAHY - Axa weighs sale or IPO of its XL Re unit - report
2023-07-11 14:20:07 ET
- French insurer AXA SA ( OTCQX:AXAHY ) is weighing selling or a possible stock listing for its property reinsurance business.
- Axa ( OTCQX:AXAHY ) is evaluating the sale, potential sale, or initial public offering of its XL RE unit, according to a Reuters report on Tuesday, which cited people familiar with the matter. The talks are described as preliminary in nature and may not lead to a deal.
- AXA ( OTCQX:AXAHY ) is considering a sale or IPO as it tries to reduce its exposure to natural disasters, according to Reuters. Axa declined to comment to Reuters.
- Axa's ( OTCQX:AXAHY ) ADRs rose 2.2%.
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Axa weighs sale or IPO of its XL Re unit - report