AXA withdraws $ 1.8 billion from the sale of AXA Equitable shares

      Comments Off on AXA withdraws $ 1.8 billion from the sale of AXA Equitable shares

Published on

(AOF) – Axa has announced the successful completion of a 60 million share offering of its US subsidiary AXA Equitable Holdings (EQH) at US $ 20.25 per share, and the sale of 30 million shares to EQH. same price. The net proceeds of these disposals amount to US $ 1.8 billion or € 1.6 billion. As a result of this transaction, the insurer's shareholding in EQH decreased from 72.2% of the outstanding common shares to 59.3%.

Axa also granted the syndicate banks an option to acquire 9 million additional shares of EQH within 30 days. The potential additional product is up to $ 0.2 billion.

"Axa continues its transformation with the success of this new EQH equity offering, which represents a new step in the evolution of AXA's business profile towards its strategic target segments and increased financial flexibility for the Group", said Thomas Buberl, Chief Executive Officer of AXA.

©
                                                        AOF

The AOF information reproduced on Capital.fr is extracted from the AOF information service.
This information is protected by intellectual property rights held by OPTION FINANCE SAS, publisher of the real-time trading information service AOF, and its contributors.
Therefore, any reproduction, copy, duplication, modification, transfer, rebroadcast, translation, commercial exploitation or not, creation of hypertext link or reuse in any way whatsoever of this information are subject to the prior written agreement of OPTION FINANCE SAS and its contributors.
AOF can be reached at the following address aof@optionfinance.fr
OPTION FINANCE SAS collects its data from the sources it considers the safest. However, subject to its gross negligence, OPTION FINANCES SAS and its contributors do not guarantee the absence of error and defects, even hidden, or the completeness or lack of conformity to any use of these data and OPTION FINANCE SAS or one of its contributors, and can not be held responsible for delays or interruptions that could affect access to them.
The user of the OPTION FINANCE SAS service will use the AOF data at his own risk and must hold OPTION FINANCE SAS and its contributors harmless from any claim resulting from this use.