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Wednesday, February 06, 2008

AXA buys Turkish partner Oyak out of insurance JV | Industries | Financial Services & Real Estate | Reuters

"AXA buys Turkish partner Oyak out of insurance JV

ISTANBUL, Feb 6 (Reuters) - AXA (AXAF.PA: Quote, Profile, Research), Europe's second-biggest insurer, has agreed to buy local partner Oyak out of its Turkish insurance joint venture for $525 million, Oyak said on Wednesday, the latest deal in the fast-growing Turkish sector."

More:UPDATE 1-AXA buys Turkish partner Oyak out of insurance JV | Industries | Financial Services & Real Estate | Reuters