AXA Putting PE Unit Up for Sale

Insurer AXA is putting its private equity unity up for sale, Reuters reported, citing Sky News. The unit could reportedly fetch as much as 1 billion pounds ($1.5 billion).

(Reuters) – French insurer AXA is putting its private equity unit up for sale in a move that could attract interest from some of the world’s top asset managers, Sky News reported on Friday without citing sources.

The unit could be worth around 1 billion pounds ($1.5 billion), Sky reported.

AXA declined to comment. ($1 = 0.652 British Pounds) (Reporting By Christian Plumb; Editing by James Regan)