AXA SA CEO: No Reason To Worry About Solvency Of EU States
June 01 2010 - 4:34AM
Dow Jones News
French insurer AXA SA's (CS.FR) chief executive said Tuesday
there's no reason to be worried about the solvency of European
states.
Taking into account the EUR750 billion rescue mechanism put in
place by the European Union and the International Monetary Fund,
"we don't think there's reason to be worried," De Castries said at
a breakfast meeting with reporters.
AXA SA isn't in a situation where it needs to suddenly sell
assets due to market pressures, he said.
De Castries said he is confident of reaching a deal to buy out
the minorities of its Asian subsidiary, AXA Asia Pacific Holdings
Ltd (AXA.AU).
The French insurer's current bidding partner for AXA Asia
Pacific, National Australia Bank Ltd (NAB.AU) has a reasonable
chance of reaching a deal with the Australian competition
regulator, De Castries said.
He added that NAB isn't the sole party interested in teaming up
with AXA SA to bid for AXA Asia Pacific.
-By Jethro Mullen, Dow Jones Newswires; 33 1 4017 1738;
jethro.mullen@dowjones.com
AMP (ASX:AMP)
Historical Stock Chart
From Jun 2024 to Jul 2024
AMP (ASX:AMP)
Historical Stock Chart
From Jul 2023 to Jul 2024