AXA is saying goodbye to its remaining stake in AXA Equitable Holdings (EQH) to the tune of US$3.1 billion (£2.5 billion).
In a release, the Paris-headquartered insurance giant said it sold 144 million shares of common stock of EQH to Goldman Sachs at a net price of US$21.80 per share. The investment bank acts as the sole underwriter in a registered public offering of the shares.
You've reached your limit - Register for free now for unlimited access
To read the full story, and get unlimited access to Insurance Business website content, just register for free now. GET STARTED HERE
Already a website member? Log in below.