AXA Reduces Stake in Life Insurance Subsidiary
09 Juillet 2019 - 7:48AM
Dow Jones News
By Olivia Bugault
AXA SA (CS.FR) said Monday that it has reduced its stake in its
life-insurance subsidiary AXA Equitable Holdings, Inc. (EQH) to
38.9% from 40.1% after exercising of the over-allotment option by
the underwriters.
The French insurance firm said the net proceeds from the
exercise of the underwriters' option was $125 million, or $20.85 a
share for a total of six million shares.
Write to Olivia Bugault at olivia.bugault@dowjones.com
(END) Dow Jones Newswires
July 09, 2019 01:33 ET (05:33 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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