Axa completes 50% acquisition of Tian Ping
Axa has completed the 50% acquisition of Chinese insurer Tian Ping's shares.
Axa initially bought 33% of the company from Tian Ping's shareholders for 1.9bn yuan (€240m) and subsequently subscribed to a capital increase for 2bn yuan (€251m) to raise its stake to 50%.
Tian Ping
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