AXA: successfully sells EQH shares

(CercleFinance.com) - AXA announced late on Wednesday that it has successfully sold 144 million ordinary shares of AXA Equitable Holdings Inc.
as part of a secondary offer of these shares.

When the offer was finalised, AXA's net proceeds reached approximately 3.1 billion dollars, or about 2.9 billion euros, corresponding to a net price of 21.8 dollars per share.

"The successful sale of AXA's remaining stake in EQH is a key milestone in AXA's transformation journey," said Thomas Buberl, AXA's CEO.

"Our exit from the US Life & Savings market, along with the integration of XL Group has accelerated AXA's strategic shift towards its preferred segments, and reduced significantly its exposure to financial markets."


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