France’s Axa to sell Malaysia insurance businesses to Generali

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PARIS — Axa has signed an agreement with Italian rival Generali to sell its insurance businesses in Malaysia for about 140 million euros ($166.64 million), the French insurer said on Tuesday.

In a statement Axa said it expected to close the transaction by the second quarter of 2022. ($1=0.8401 euros) (Reporting by Matthieu Protard; Editing by Clarence Fernandez)