February 7, 2020 / 8:20 PM / in 2 months

Axa to sell its operations in Central and Eastern europe for 1 bln eur

PARIS, Feb 7 (Reuters) - France’s AXA said on Friday it had agreed with UNIQA Insurance Group AG to sell its operations in Poland, Czech Republic and Slovakia for 1 billion euros.

The sale would help improve AXA’s solvency ratio by 2 points, the insurer said, adding that it did not expect any significant impact on its net income from the sale. (Reporting by Maya Nikolaeva)

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