AXA has completed the acquisition of HSBC P&C businesses in Hong Kong and Singapore
PR Newswire/Les Echos/
press Paris - November 5, 2012 release
AXA has completed the acquisition of HSBC P&C
businesses in Hong Kong and Singapore AXA announced today that it has successfully completed the acquisition of HSBC P&C operations in Hong Kong and Singapore. Consequently, AXA and HSBC have launched their exclusive P&C bancassurance cooperation in these countries. The acquisition of HSBC P&C operations in Mexico will be completed in due course, as well as the launch of the P&C bancassurance cooperation in Mexico, China, India and Indonesia. About the AXA Group The AXA Group is a worldwide leader in insurance and asset management, with more than 163,000 employees serving 101 million clients in 57 countries. In 2011, IFRS revenues amounted to Euro 86.1 billion and IFRS Underlying Earnings to Euro 3.9 billion. AXA had Euro 1,065 billion in assets under management as of December 31, 2011. The AXA ordinary share is listed on compartment A of Euronext Paris under the ticker symbol CS (ISN FR 0000120628 - Bloomberg: CS FP - Reuters: AXAF.PA). AXA's American Depository Share is also quoted on the OTC QX platform under the ticker sym bol AXAHY. The AXA Group is included in the main international SRI indexes, such as Dow Jones Sustainability Index (DJSI) and FTSE4GOOD, and is a founding member of the UN Environment Programme's Finance Initiative (UNEP FI) Principles for Sustainable Insurance. This press release is available on the AXA Group website www.axa.com AXA Investor Relations: AXA Media Relations: Mattieu Rouot: +22.214.171.124.46.85 Guillaume Borie: +126.96.36.199.49.98 Jennifer Lejeune: +188.8.131.52.39.27 Hélène Caillet: +184.108.40.206.55.51 Yael Beer-Gabel: +220.127.116.11.47.93 Florian Bezault: +18.104.22.168.59.17 Solange Brossollet: +22.214.171.124.73.60 Thomas Hude: +126.96.36.199.97.24 AXA Individual shareholder Relations: +188.8.131.52.48.43 IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD- LOOKING STATEMENTS Certain statements contained herein are forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties. Please refer to the section "Cautionary statements" in page 2 of AXA's Document de Référence for the year ended December 31, 2011, for a description of certain important factors, risks and uncertainties that may affect AXA's business. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise.
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