PARIS (dpa-AFX) - AXA (AXAHY.PK) announced it has entered into an agreement with Marsh to sell Bluefin Insurance Group Ltd, its P&C commercial broker in the UK. The price for the disposal would amount to 295 million pounds or 340 million euros. AXA said the proposed transaction should generate a negative exceptional P&L impact of 66 million euros, which would be accounted for in net income.
Bluefin is a leading insurance broker, providing services to private individuals, small businesses, and large corporates in the UK, employing approximately 1,500 colleagues based in 45 locations.
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