AXA to acquire 7% of Africa Re, the leading reinsurer in Africa

AXA announced today that it has entered into an agreement to acquire a 7.15% stake in African Reinsurance Corporation (“Africa Re”), the leading reinsurance company in Africa. Under the terms of the agreement, the total cash consideration payable at closing would amount to USD 61 million (or Euro 53 million).  Please See More At: http://www.axa.com/lib/en/uploads/pr/group/2015/AXA_PR_20150220.pdf