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AXA accelerates development in Egypt via a partnership with Commercial International Bank


Press Release

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July 12, 2015

published at 2:00 AM CEST

  • AXA to enter into a ten-year Life & Savings exclusive bancassurance agreement with CIB, the #1 private-sector bank in Egypt.
  • AXA to acquire 100% of Commercial International Life ("CIL"), the Life & Savings joint-venture between CIB and Legal & General in Egypt, which is the #3 Life & Savings player in the country, for a consideration of approximately Euro 88 million.


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