French insurance giant AXA SA (CS.FR) Monday said it completed the C$2.6 billion (EUR1.9 billion) sale of its Canadian operations to Intact Financial Corp. (IFC.T).

Additionally, AXA is entitled to receive up to C$100 million in contingent consideration based on profitability metrics over a period of five years, the company said.

-By Inti Landauro, Dow Jones Newswires; +33 1 4017 1740; inti.landauro@dowjones.com