AXA: completes consolidation of businesses in India
(CercleFinance.com) - AXA and Bharti announce that they have completed the consolidation of their non-life insurance activities in India.
Split pretty equally, AXA's and Bharti's holdings in Bharti AXA GI were 49% and 51%, respectively.
In exchange for the sale of Bharti AXA GI, AXA and Bharti will receive a total of 35.8 million ICICI Lombard shares, representing 664 million euros.
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