Axa Asia Pacific would be the parent companys second huge purchase in the last month, after having just purchased U.S.-based
An analyst at Paris-based Fideuram Wargny, Pierre Bucaille, told Reuters, "Axa is profiting from these good results to make the offer."
The bid is reported to be for $2.2 billion, or $3.75 per share. It already owns almost 49% of the Axa Asia Pacific firm, the No. 2 life insurer in Australia.
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