The MPF sub-projects will act as a catalyst for new domestic and foreign entrants in the insurance and pensions sectors and will strengthen the competition and innovation in the insurance and pension industries in the region
Through the AXA Winterthur MPF the Bank seeks to, inter alia:
- transfer foreign industry know-how to the region
- develop long term savings for investment in the local capital markets
- provide insurance product to individuals and SMEs
AXA SA is a global life, non-life and financial services group which has a strong presence in developed and emerging markets. It purchased 100% of Winterthur AG in December 2006.
The project consists of an amount of CHF 250 million under the MPF to be invested in the equity capital of AXA insurance and pension fund subsidiaries in EBRD countries of operation.
CHF 250 million.
The MPF sub-projects in the region follow the Sponsor’s stringent environmental guidelines and therefore raise the awareness of local clients for environmental issues.
Adam Harper, Senior Banker
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