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Axa Nears €1 Billion Deal for Italy's Prima Assicurazioni

Axa Nears €1 Billion Deal for Italy's Prima Assicurazioni

Bloomberg3 days ago
Axa SA is close to acquiring Italian car insurer Prima Assicurazioni for about €1 billion ($1.1 billion) including debt, according to people with knowledge of the matter.
The French insurer and the owners of Prima are hammering out final details of a transaction, which potentially could be announced in the coming days, the people said. Axa has emerged as the front-runner after beating out other suitors such as European insurance companies, the people said.
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