AXA has completed the sale of its operations* in Central and Eastern Europe for Euro 1.0 billion

AXA announced today that it has completed the sale of its Life & Savings, Property & Casualty and Pension businesses in Poland, Czech Republic and Slovakia to UNIQA Insurance Group AG (“UNIQA”), for a total cash consideration of Euro 1.0 billion.

The completion of the transaction is expected to result in a positive impact of +2 points on AXA Group’s Solvency II ratio in 4Q20.

(*) - please download document for full reference