AXA secures finance for XL deal – McGavick assures market no loss of capacity

Mike McGavick, CEO of XL Group

AXA has secured the finance to complete its planned €12.4bn acquisition of XL, through the successful completion of its $4bn AXA Equitable Holdings IPO in the US. The Paris-based global insurance and asset management group said that financing for the acquisition is “well on track” and “fully in line” with its announcement made in late March. AXA said the deal will be…

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