AXA finalized the sale of AXA Bank Belgium
(AOF) – AXA has completed the sale of its banking activities in Belgium, AXA Banque Belgique, to Crelan Banque NV / SA, for a total amount of 691 million euros, including a net amount of 611 million euros in cash , and the transfer to AXA Belgium of 100% of Crelan Insurance (valued at 80 million euros). In addition, AXA and Crelan have entered into a long-term distribution agreement in non-life and provident insurance which will be effective from January 1, 2022, thus extending the existing agreement between AXA Bank Belgium and AXA Belgium to the entire banking network. by Crélan.
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