AXA to acquire XL Group for $15.3bn

by | March 7, 2018 12:32 am

French insurance and investment giant AXA has agreed to acquire 100 percent of Bermudian insurance and reinsurance firm XL Group Ltd. for $15.3 billion to be fully paid in cash. The transaction is subject to approval by XL Group shareholders and other customary closing conditions, and is expected to close in the second-half of 2018,…

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