AXA Confirms Banque Worms Sale to Deutsche Bank

France’s AXA Group confirmed the sale of wholly owned subsidiary Banque Worms to Germany’s Deutsche Bank for an undisclosed amount.

The sale, scheduled to be completed before April 15, 2001, is ” in line with AXA’s original intention,” said the announcement, and “confirms the Group strategy to increase its focus on its core businesses of financial protection and wealth management.”|”axa, confirms, banque, worms, sale, deutsche, bank