French President's Office Calls AXA To Discuss Unit Sale -Report
September 30 2011 - 6:35AM
Dow Jones News
President Nicolas Sarkozy's office has summoned insurance
company AXA SA (CS.FR) officials for a meeting Monday to discuss
the planned sale of its unit AXA Private Equity, La Tribune reports
Friday.
The meeting will take place one day before the deadline for
bidders to submit their offers, the newspaper reports without
citing sources.
Officials at AXA and Sarkozy's office weren't immediately
available for comment.
According to the report, the meeting follows a request from
French investment company Eurazeo (RF.FR), which is interested in
AXA Private Equity, valued by people close to the matter between
GBP200 million and GBP300 million.
Eurazeo intends to use the argument that is in the country's
strategic interest to obtain government support for its bid, La
Tribune reports.
U.S. funds Carlyle and KKR as well as the Singapore sovereign
fund are also eyeing AXA's unit, La Tribune reports. The Financial
Times reported on its website Thursday evening that U.S.-based
BlackRock Inc. (BLK) is also interested.
Newspaper website: www.latribune.fr
-By Paris Bureau, Dow Jones Newswires; 33-1-4017 1769;
martine.pauwels@dowjones.com
Eurazeo (EU:RF)
Historical Stock Chart
From Jun 2024 to Jul 2024
Eurazeo (EU:RF)
Historical Stock Chart
From Jul 2023 to Jul 2024