Latest news with #AxaSA
Bloomberg
26-04-2025
- Business
- Bloomberg
Switzerland Inc. Fends Off Activist Cevian With Insurance Merger
When Cevian Capital boosted its stake in Swiss insurer Baloise Holding AG last year, insurance firms across Europe got ready for the activist investor to go straight for its usual playbook. Companies including Axa SA and Allianz SE began to study whether Cevian's engagement could put the Basel-based company, or some of its divisions, into play as takeover targets.
Bloomberg
11-04-2025
- Business
- Bloomberg
BNP Paribas' Capital Treatment for Axa IM Deal Opposed by ECB
The European Central Bank has taken a negative view on applying a rule that might have reduced the impact on BNP Paribas SA 's capital from its planned acquisition of Axa SA 's asset manager, people familiar with the matter said. In opposing the use of the regulation, known as the Danish Compromise, the ECB's banking supervision arm wants to ensure equal treatment across the industry, the people said, asking not to be identified discussing internal deliberations. The watchdog recently issued a negative opinion on a similar but unrelated deal in Italy.
Bloomberg
27-02-2025
- Business
- Bloomberg
Axa Plans Up to €1.2 Billion Buyback as Earnings Beat Estimates
Axa SA plans to repurchase as much as €1.2 billion of stock this year and raise its dividend by 9%, rewarding shareholders after the French insurer reported better-than-expected earnings fueled by growth in its property and life insurance businesses. The buyback is in addition to the already-announced €3.8 billion repurchase planned after Axa completes the sale of its investment management business to BNP Paribas by the end of June, the company said in a statement on Thursday.
