AXA and BAO MINH INSURANCE enter into a strategic partnership in the Vietnamese insurance market

AXA and Bao Minh Insurance Corporation ("Bao Minh") announced today that they have reached an agreement to establish a strategic partnership in the Vietnamese insurance market. As part of this agreement, AXA will acquire a 16.6% stake of the share capital of Bao Minh for a total amount of VND 1,194 billion (Euro 54 million).