French insurer AXA SA (AXA) said Tuesday it will subscribe for its share, approximately 53.1%, of the A$660 million capital increase announced by AXA Asia Pacific Holdings this morning, corresponding to an amount of approximately EUR178 million for AXA SA.

This operation has no impact on the Group's Solvency I ratio and no material impact on AXA SA's liquidity position, because AXA Asia Pacific Holdings will use a portion of the proceeds from this capital increase to repay approximately EUR107 million of outstanding debt to AXA SA.

Company Web site: www.axa.com