AXA buys rival Winterthur for £5.4bn

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AXA is to buy Winterthur for CHF12.3bn (£5.4bn) from Credit Suisse, it has been announced.

The deal brings a further £67bn of assets under AXA’s management, making it one of the top five managers in terms of volume worldwide. Winterthur is one of Europe’s top 10 insurers, with a presen...

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