Deals
Axa to Divest Its Tobacco Industry Assets Worth $2 Billion
- Tobacco has a ‘tragic’ human cost, incoming CEO Buberl says
- Axa’s tobacco holdings include Philip Morris, Altria
Cigarettes are arranged for a photograph in Tokyo, Japan, on Monday, Feb. 1, 2016.
Photographer: Kiyoshi Ota/BloombergThis article is for subscribers only.
Axa SA, France’s largest insurer, said it will stop investing in tobacco and divest all of its 1.8 billion euros ($2 billion) of assets in the industry.