French insurer AXA buys stake in Vietnam firm


French insurer AXA buys stake in Vietnam firm

HO CHI MINH CITY (Reuters)?French insurer AXA will pay 54 million euros ($74.7 million) for a 16.6% stake in Bao Minh, Vietnam's second-largest insurer, as it seeks to expand in the fast-growing economy. Vietnam's insurance sector has expanded rapidly in recent years, spurred by economic...

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