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AXA obtained approvals for XL acquisition. Last day of independence for XL Group

AXA announced today that it has obtained all regulatory approvals required to complete the proposed acquisition of XL Group previously announced on March 5, 2018. The acquisition is expected to close on September 12, 2018, pending the satisfaction of the remaining customary closing conditions.

The acquisition is estimated at 15.3 billion USD.

According to the executives present in Monte Carlo these days, 2018 will definitely be known for the M&A activities, many companies seeking for an umbrella for their activity.

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