AXA, ABN AMRO's Neuflize Vie to Be Sold to BNP Paribas Cardif, Les Echos Reports
-- French insurer AXA and Dutch lender ABN AMRO have chosen to sell their life-insurance joint venture Neuflize Vie to BNP Paribas Cardif, Les Echos reports, citing unnamed sources.
-- A deal could be valued at several hundred million euros and is yet to be finalized, Les Echos reports.
-- Neuflize Vie is part of private bank Neuflize OBC, which is owned by ABN AMRO. AXA France holds 40% of Neuflize Vie while Neuflize OBC has the remaining 60%.
-- AXA, ABN AMRO, Neuflize OBC and BNP Paribas didn't immediately respond to a request for comment from Dow Jones Newswires.
Full story in French: https://tinyurl.com/2amk3y85
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
May 14, 2024 03:59 ET (07:59 GMT)
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