AXA Reinforces its Partnership with BMPS
November 09 2007 - 9:27AM
PR Newswire (US)
PARIS, Nov. 9 /PRNewswire-FirstCall/ -- In the context of its
strategic partnership with BMPS, AXA announces that it now holds a
strategic interest equal to 2.052% of BMPS's total outstanding
share capital. The acquisition of this interest is designed to
reinforce the long-term relationship between the two companies and
to demonstrate AXA's full support for BMPS's proposed acquisition
of Banca Antonveneta. AXA will subscribe to its full allocation of
BMPS shares as part of the rights issue contemplated by BMPS in
connection with this acquisition. In line with the agreement
between AXA and BMPS announced in March 2007, the bancassurance
agreement between BMPS and the AXA-MPS joint venture should be
extended to Banca Antonveneta, significantly reinforcing AXA-MPS's
competitive position on the Italian insurance market. The legal and
financial conditions for this extension of the bancassurance
agreement will be defined over the coming weeks and will be subject
to the closing of the acquisition of Banca Antonveneta by BMPS.
About AXA AXA Group is a worldwide leader in Financial Protection.
AXA's operations are diverse geographically, with major operations
in Europe, North America and the Asia Pacific area. For full year
2006, IFRS revenues amounted to Euro 79 billion and IFRS adjusted
earnings amounted to Euro 5,140 million. The AXA ordinary share is
listed and traded under the symbol AXA on the Paris Stock Exchange.
The AXA American Depository Share is also listed on the NYSE under
the ticker symbol AXA. This press release is available on the AXA
Group web site: http://www.axa.com/ DISCLAIMER Certain statements
contained herein are forward-looking statements including, but not
limited to, statements that are predications of or indicate future
events, trends, plans or objectives. Undue reliance should not be
placed on such statements because, by their nature, they are
subject to known and unknown risks and uncertainties. Please refer
to AXA's Annual Report on Form 20-F and AXA's Document de Reference
for the year ended December 31, 2006, for a description of certain
important factors, risks and uncertainties that may affect AXA's
business. In particular, please refer to the section "Special Note
Regarding Forward- Looking Statements" in AXA's Annual Report on
Form 20-F. AXA undertakes no obligation to publicly update or
revise any of these forward-looking statements, whether to reflect
new information, future events or circumstances or otherwise.
DATASOURCE: AXA CONTACT: AXA Investor Relations, Etienne
Bouas-Laurent, +33-1-40-75-46-85, or Paul-Antoine Cristofari,
+33-1-40-75-73-60, or Emmanuel Touzeau, +33-1-40-75-49-05, or
George Guerrero, +1-212-314-2868; or AXA Media Relations,
Christophe Dufraux, +33-1-40-75-46-74, or Clara Rodrigo,
+33-1-40-75-47-22, or Laurent Secheret, +33-1-40-75-48-17, or
Armelle Vercken, +33-1-40-75-46-42, or Mary Taylor, +1-212-314-5845
Web site: http://www.axa.com/
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