AXA considers selling Singapore unit to raise cash
Written by Adam Cadle
11/08/2020
AXA is considering selling its Singapore unit in a bid to raise cash.
According to Bloomberg, the French insurer is looking to start a sale process within the next few weeks.
AXA’s Singapore unit offers life and property and casualty insurance, and generated €615m in revenue last year.
In 2019, reports also emerged that AXA was looking to sell its Malaysian arm for around $650m.
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