AXA and BMPS to extend their bancassurance agreement to former Banca Antonveneta's distribution network

AXA and Banca Monte dei Paschi di Siena (BMPS) announced today the extension of their bancassurance agreement in Italy to the 1,000 branches of former Banca Antonveneta. AXA will pay Euro 240 million to BMPS for this transaction, which will be funded internally.