Insurance Age

Axa's offer to purchase SBJ Group accepted

Axa's offer to purchase SBJ Group has been accepted by more than 90% of the group's shareholders. The offer will be unconditional in all respects but will remain open for additional acceptances until further notice. Approval from the Financial Services Authority has also been received, meaning that Axa has taken formal control of the group. Nicolas Moreau, chief executive at Axa UK, commented: "This marks a significant step in our strategy to build a leading advisory service and broking business

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