AXA announced it had entered into an agreement with Mr. Elkhan Garibli to sell all AXA’s insurance operations in Azerbaijan.
Under the terms of the agreement, Garibli would acquire 100% of the non-life entity (AXA MBask Insurance Company OJSC). The parties agreed not to disclose the terms and conditions of the transaction.
Completion of the transaction is subject to customary closing conditions, including the receipt of regulatory approvals.
Source: AXA
Was this article valuable?
Here are more articles you may enjoy.
State Farm to Increase Claims Workforce by 3,000 
Hurricane to Threaten Hawaii With Flooding Over Weekend 
‘Most Successful’ Hole-in-One Prize Insurance Operator Pleads Guilty to Fraud 
Here Are Some AI Doomsday Scenarios Researchers Say Could Put Humanity at Risk 
