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KKR Mulls Bid For Axa PE Unit

KKR & Co. is considering a bid for French insurance company Axa’s private equity division.

    KKR & Co.is considering a bid for French insurance companyAxa’s private equity division,Bloombergreports. Canada’s biggest pension fund managerCaisse de Depot et Placement du Quebecis also weighing purchase ofAxa Private Equity.

    Axa is offloading the unit, which runs about $28 billion, to concentrate on insurance. Axa PE, with a headcount of 251 in Europe, New York and Singapore, may fetch about €500 million.

    Click here for the story fromBloomberg.

    Click here for additional coverage fromCity A.M.

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