AXA Completes the Acquisition of a 36.7% Stake in Russian Insurer Reso Garantia
June 18 2008 - 3:35AM
PR Newswire (US)
PARIS, June 18 /PRNewswire/ -- AXA announced today it has completed
the acquisition of 36.7% of the share capital of RESO GARANTIA,
Russia's 2nd largest P&C insurer. The transaction, which was
announced on December 21, 2007, closed on June 17, 2008. 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. AXA had Euro 1,281
billion in assets under management as of December 31, 2007. For
full year 2007, IFRS revenues amounted to Euro 93.6 billion and
IFRS adjusted earnings to Euro 6.1 billion. The AXA ordinary share
is listed on compartment A of Euronext Paris under the ticker
symbol CS (ISIN FR0000120628 - Bloomberg: CS FP - Reuters:
AXAF.PA). The American Depository Share is also listed on the NYSE
under the ticker symbol AXA. This press release is available on the
AXA Group website: http://www.axa.com/ AXA Investor Relations
Etienne Bouas-Laurent: +33 1 40 75 46 85 Paul-Antoine Cristofari:
+33 1 40 75 73 60 Emmanuel Touzeau: +33 1 40 75 49 05 George
Guerrero: +1 212 314 28 68 AXA Media Relations Christophe Dufraux:
+33 1 40 75 46 74 Clara Rodrigo: +33 1 40 75 47 22 Laurent
Secheret: +33 1 40 75 48 17 Armelle Vercken: +33 1 40 75 46 42 Mary
Taylor: +1.212.314.58.45 AXA Individual shareholders Relations:
+33.1.40.75.48.43 IMPORTANT LEGAL INFORMATION AND CAUTIONARY
STATEMENTS CONCERNING FORWARD- LOOKING STATEMENTS 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, 2007,
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 Group
CONTACT: AXA Investor Relations: Etienne Bouas-Laurent,
+33-1-40-75-46-85, Paul-Antoine Cristofari, +33-1-40-75-73-60,
Emmanuel Touzeau, +33-1-40-75-49-05, George Guerrero,
+1-212-314-2868; or AXA Media Relations: Christophe Dufraux,
+33-1-40-75-46-74, Clara Rodrigo, +33-1-40-75-47-22, Laurent
Secheret, +33-1-40-75-48-17, Armelle Vercken, +33-1-40-75-46-42,
Mary Taylor, +1-212-314-5845; AXA Individual shareholders
Relations: +33-1-40-75-48-43 Web site: http://www.axa.com/
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