AXA has completed the acquisition of Liberty Ubezpieczenia in Poland

AXA announced today that it had completed the acquisition of Liberty Ubezpieczenia, the Polish Property & Casualty operations of Liberty Mutual Insurance Group for a total consideration of PLN 101.3 million* (or Euro 23.5 million**).

This transaction allows AXA to further strengthen its presence in Poland, which is one of the most attractive insurance markets in Central and Eastern Europe.

* Subject to purchase price adjustment
** 1 EUR = 4.3056 PLN as of September 29, 2016 (Source: Bloomberg)