France's AXA Launches 2 Bln Euros Rights Offer

Tags: Axa, Business Operations, Corporate Insurance, Euro, Insurance, Oukbs, Rights

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2009-11-08 20:31:10.0

SYDNEY (Reuters UK) - French insurer AXA SA (AXAF) launched a rights offer to raise 2 billion euros (1.79 billion pounds) to part fund growth plans, the company said in a statement on Monday. The new shares are being offered at 11.90 euros and the deal will result in the issue of a minimum 174.11 million new shares, the statement emailed to Reuters said.

(Reporting by Denny Thomas)

 

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