GOLDMAN SACHS buys shares of insurance group AXA

14 November 2019 — Andrei Victor
French insurance group AXA announced it sells 144 million shares in its US subsidiary AXA Equitable Holdings (EQH) to the investment company GOLDMAN SACHS which acted as the sole underwriter of a registered public offering of the AXA Group.

Under the deal, EQN will buy from GOLDMAN SACHS 24 million shares from the proposed 144 million shares. The purchase price of one share will be equal to the value per share which the underwriter paid AXA. The deal is 13 November 2019 after all the registration procedures.

"AXA S.A. the pricing of the sale of 144,000,000 shares of common stock of AXA Equitable Holdings, to Goldman Sachs, as the sole underwriter in a registered public offering of those shares. AXA sold the shares of common stock of EQH at a net price of USD 21.80 per share. The Offering is expected to close on November 13, 2019. As part of the Offering, EQH has agreed to repurchase 24,000,000 of the 144,000,000 shares of common stock from the underwriter. The per share purchase price to be paid by EQH will equal the per share purchase price to be paid by the underwriter to AXA in the Offering", as the French insurer announced in a statement.

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