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KKR Said to Have Bid for AXA PE While BlackRock Pulls Out

The sale of AXA PE has moved onto the next stage.

Bids for AXA PE are due this week. KKR, Onex Corp., Caisse des Depots et Consignation, a state-owned French bank, and Government of Singapore Investment Corp., the Singapore sovereign wealth fund, have submitted proposals, according to Dow Jones. More bids may come in the next few days, Dow Jones says.

BlackRock, the global asset manager, was considering making a proposal for AXA PE but pulled out as of last Friday, a source tell peHUB. “It was all very preliminary and we didn’t get very far into it at all,” the source says.

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