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AXA: to sell its 'Swiss Privilege' franchise in Hong Kong

(CercleFinance.com) - AXA announces that it has sold its 'Swiss Privilege' franchise in Hong Kong to Jeneration Holdings.

AXA Wealth Management (AWM) is a licensed life insurance company in Hong Kong, managing individual client policies through a network of salaried consultants under the 'Swiss Privilege' brand.

The amount of the transaction for the sale of AWM is HKD 2,200 million (or Euro 237 million euros).

The transaction should be finalised towards the end of 2018 or beginning of 2019.

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