AXA to sell AXA Bank Belgium, and enter into a long-term insurance distribution partnership with Crelan Bank
In addition, AXA will take a 9.9% minority equity stake* in Crelan NV* and AXA Bank Belgium, investing a total of Euro 90 million, which will be fully financed by the purchase by Crelan, for Euro 90 million, of the contingent convertible bonds previously issued by AXA Bank Belgium to AXA Group.
In addition, AXA will take a 9.9% minority equity stake* in Crelan NV* and AXA Bank Belgium, investing a total of Euro 90 million, which will be fully financed by the purchase by Crelan, for Euro 90 million, of the contingent convertible bonds previously issued by AXA Bank Belgium to AXA Group.