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AXA Taps Colombian Growth

Nov 12, 2013

French insurance group AXA was seen paying a reasonable price to acquire control of Colpatria’s Colpatria Seguros insurance business, in a EUR259m ($346m) transaction that is the latest M&A deal in a busy and often expensive Colombian FIG sector. The move represents about 13x earnings, analysts say,...

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management