Radar > 225797

Axa Group may have put Axa Portugal up for sale, and could have two possible buyers

Axa Group teria colocado a Axa Portugal à venda e já teria dois possíveis compradores

Intel ID : 225797
Synopsis

France-based Axa Group may have put Axa Portugal up for sale, and could have two possible buyers, as published by Jornal de Negócios on 29 May 2015, quoting sources.

The company may have hired JP Morgan to contact possible buyers. Among these possible buyers are: Belgium insurance group Ageas and US-based Apollo Global Management.

Axa Group has three insurance companies in Portugal Axa Seguros (non-life), Axa Vida (life) and Seguro Directo (car insurance through phone and internet). The group wants to conclude the sale by August. This deal is part of the company's restructuring plan, which is under way and included a collective dismissal of 67 workers.
(content in portuguese)

A francesa Axa Group teria colocado a Axa Portugal à venda e já teria dois possíveis compradores, publicou o Jornal de Negócios em 29 de maio e 1 de junho de 2015, sem citar fontes.

A vendedora teria contratado o JP Morgan para contactar possíveis compradores. Entre esses possíveis compradores estariam: Ageas, grupo segurador belga, e a norte-americana Apollo Global Management.

O Grupo Axa, que em Portugal tem três seguradoras Axa Seguros (não vida), a Axa Vida e a Seguro Directo (que opera através do canal telefónico e da internet), pretende concluir este processo de venda antes de Agosto. Essa venda faria parte do plano de reestruturação colocado em marcha que implicou o despedimento colectivo de 67 trabalhadores.

Intel ID 225797
Value ND
Native Currency Euro (EUR)
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Country
Website
Description

Bidder

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.01.09 Private Equity
25 Financial Services / 25.01 Banking & Investment

Country
Website
Description

Target

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.02.05 Multiline Insurance Providers
25 Financial Services / 25.02 Insurance

Country
Description

Target

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.02.05 Multiline Insurance Providers
25 Financial Services / 25.02 Insurance

Country
Website
Description

Target

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.02.04 Life & Health Insurance
25 Financial Services / 25.02 Insurance

Country
Description

Seller

Name
potential
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Primary Sector (TTRSC)
25.02.06 Property & Casualty Insurance
25 Financial Services / 25.02 Insurance

Secondary Sectors (TTRSC)
25.02.04 Life & Health Insurance
25 Financial Services / 25.02 Insurance

Country
Website
Description

Financial Advisory

Radar

Date Title Type Intel Grade Country Subsector  

Mergers & Acquisitions

Date Target Country Buyer Seller VALUE (EURm) Subsector    

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.