AXA announced today that it had completed the acquisition of Liberty Ubezpieczenia, the Polish Property & Casualty operations of Liberty Mutual Insurance Group for a total consideration of PLN 101.3 million* (or Euro 23.5 million**).

This transaction allows AXA to further strengthen its presence in Poland, which is one of the most attractive insurance markets in Central and Eastern Europe.

* Subject to purchase price adjustment
** 1 EUR = 4.3056 PLN as of September 29, 2016 (Source: Bloomberg)

AXA SA published this content on 30 September 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 01 October 2016 02:49:02 UTC.

Original documenthttps://www.axa.com/en/newsroom/press-releases/20160930-acquisition-liberty-ubezpieczenia-poland

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