01-08-2025
French insurer Axa to buy 51% stake in Italy's Prima for $571 million
Aug 1 (Reuters) - French life and health insurer AXA ( opens new tab has agreed to buy a 51% stake in Italian direct insurance group Prima for 500 million euros ($571 million) as it seeks to strengthen its position in Italy's motor business, it said on Friday.
Axa and other minority shareholders have been granted call and put option, dependant on Prima's earnings, for the remaining 49% of the shares to be exercised in 2029 or 2030, the French insurer said.
($1 = 0.8756 euros)
