AXA to Sell its Mandatory Pension Business in Hong Kong to The Principal Financial Group


Press Release

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November 7, 2014

published at 1:00 AM CET

  • Sale of AXA's mandatory Pension business in Hong Kong, in line with AXA Group's in-force management strategy
  • 15-year distribution agreement allowing The Principal to sell relevant mandatory Pension schemes through AXA proprietary networks in Hong Kong
  • Upfront consideration of Euro 270 million


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