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AXA Launches an Offer to Acquire Shares from Minority Shareholders of Its German Subsidiary AXA Konzern AG.

Publication: PR Newswire
Publication Date: 09-JAN-06
Format: Online
Delivery: Immediate Online Access

Article Excerpt
PARIS, Jan. 9 /PRNewswire-FirstCall/ -- Following the BaFin's approval on its offer document received on January 6, 2006, AXA launches today an offer to acquire the 7.24% of AXA Konzern AG (Germany) shares it does not already own.

AXA proposes to offer Euro 129.3 per AXA Konzern AG ordinary share and preferred share. The offer period will start today and close on February 27, 2006.

If AXA's ownership in AXA Konzern AG reaches 95% at the end of the offer period, AXA will consider a delisting of AXA Konzern AG through a squeeze-out procedure, bringing its holding to 100%. Should...



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