AXA to acquire Groupe des Assurances du Crédit Mutuel for $343m.

AXA, an investment management company, agreed to acquire Groupe des Assurances du Crédit Mutuel, an insurance company, for $343m. "This transaction reflects our disciplined approach towards M&A in line with our strategy, enhancing our scale in one of our core European markets, with a focus on technical lines,"Frédéric de Courtois, AXA Deputy CEO.