AXA to Sell Chinese Insurer Stake

French insurer AXA SA is looking to raise around $1 billion from the sale of its stake in China's fourth-largest life insurer, Taikang Life Insurance Co., according to people familiar with the situation... A sale of AXA's 15.6% stake in unlisted Taikang Life would represent the largest sale of a Chinese insurance asset in a year when a number of foreign banks have sold off major stakes in the Chinese financial sector to strengthen their balance sheets...

WSJ: AXA to Sell Chinese Insurer Stake
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