AXA announced today it had entered into an agreement withVienna Insurance Groupto sell itsLife & Savings insurance operations in Romaniaand exit the Romanian market. Under the terms of the agreement, Vienna Insurance Group would acquire 100% of AXA Life Insurance SA (1) through its BCR Life and Omniasig entities. The parties agreed not to disclose the terms and conditions of the transaction. Completion of the transaction is subject to customary closing conditions, including the receipt of regulatory approvals.

(1) AXA Life Insurance SA is the AXA Life & Savings operating entity in Romania

AXA SA published this content on 04 August 2016 and is solely responsible for the information contained herein.
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