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(AFX UK Focus) 2009-11-09 12:38
TIMELINE-Key events in AXA expansion
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Nov 9 (Reuters) - The majority-owned Asian arm of French insurer AXA SA on Monday rejected a $10.3 billion bid from its parent and Australian rival AMP Ltd.
Following are some key events in the expansion of AXA SA in the last five years:
Aug. 2004 - AXA fails in a A$3.1 billion ($2.2 billion) bid for its Australian affiliate, AXA Asia Pacific Holdings Ltd.
June 2006 - Buys insurer Winterthur from Credit Suisse for 13.4 billion Swiss francs ($10.9 billion).
March 2007 - Buys part of Italy's Banca Monte dei Paschi di Siena's insurance and related businesses for 1.2 billion euros ($1.6 billion).
Feb. 6, 2008 - Buys local partner Oyak out of its Turkish insurance joint venture for $525 million.
Feb. 12 - Buys Dutch banking group ING's Mexican insurance business, Seguros ING for about $1.5 billion.
Nov. 9 - AXA Asia Pacific rejects a $10.3 billion bid from parent AXA SA and Australian rival AMP Ltd.

  • Launches a rights offer to raise 2 billion euros ($2.98 billion) to part fund acquisition plans.

    (Writing by Carl Bagh, Editorial Reference Unit, Bangalore; Editing by David Cowell) Keywords: AXA/ (carl.bagh@thomsonreuters.com; +91 80 41355917; Reuters Messaging: carl.bagh@thomsonreuters.com)

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