{"id":434026,"date":"2011-06-01T07:29:20","date_gmt":"2011-06-01T07:29:20","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/06\/01\/axa-sells-canada-unit-for-2-7bn\/"},"modified":"2011-06-01T07:29:20","modified_gmt":"2011-06-01T07:29:20","slug":"axa-sells-canada-unit-for-2-7bn","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/06\/01\/axa-sells-canada-unit-for-2-7bn\/","title":{"rendered":"Axa sells Canada unit for $2.7bn"},"content":{"rendered":"<p><div readability=\"48.7201051248\"><span><span>1 June 2011<\/span> <span>Last updated at<\/span> <span>03:29 ET<\/span><\/span><\/p>\n<p>Axa, Europe&#8217;s second largest insurance company, has announced it is selling its Canadian unit to Intact Financial.<\/p>\n<p>Intact is paying 2.6bn Canadian dollars ($2.7bn; \u00a31.6bn) for Axa Canada, which is the country&#8217;s sixth largest general insurance firm.<\/p>\n<p>As well as announcing the sale, Axa has also outlined a five-year plan to raise earnings and reduce debt.<\/p>\n<p>The company said it would target emerging markets, where it wants to double both its size and profitability.<\/p>\n<p>By 2015, Axa is targeting a 10% growth rate for earnings per share, and also plans to make 1.5bn euros ($2.2bn; \u00a31.3bn) of cost savings.<\/p>\n<\/div>\n<p>Excerpt from:<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.bbc.co.uk\/go\/rss\/int\/news\/-\/news\/business-13612713\" title=\"Axa sells Canada unit for $2.7bn\" rel=\"noopener noreferrer\">Axa sells Canada unit for $2.7bn<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> 1 June 2011 Last updated at 03:29 ET Axa, Europe&#8217;s second largest insurance company, has announced it is selling its Canadian unit to Intact Financial. Intact is paying 2.6bn Canadian dollars ($2.7bn; \u00a31.6bn) for Axa Canada, which is the country&#8217;s sixth largest general insurance firm. As well as announcing the sale, Axa has also outlined a five-year plan to raise earnings and reduce debt<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-434026","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Axa sells Canada unit for $2.7bn - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/06\/01\/axa-sells-canada-unit-for-2-7bn\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Axa sells Canada unit for $2.7bn - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"1 June 2011 Last updated at 03:29 ET Axa, Europe&#039;s second largest insurance company, has announced it is selling its Canadian unit to Intact Financial. Intact is paying 2.6bn Canadian dollars ($2.7bn; \u00a31.6bn) for Axa Canada, which is the country&#039;s sixth largest general insurance firm. As well as announcing the sale, Axa has also outlined a five-year plan to raise earnings and reduce debt\" \/>\n<meta name=\"twitter:creator\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:site\" content=\"@ghanamma\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/01\/axa-sells-canada-unit-for-2-7bn\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/01\/axa-sells-canada-unit-for-2-7bn\/\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"Axa sells Canada unit for $2.7bn\",\"datePublished\":\"2011-06-01T07:29:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/01\/axa-sells-canada-unit-for-2-7bn\/\"},\"wordCount\":118,\"commentCount\":0,\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/06\/01\/axa-sells-canada-unit-for-2-7bn\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/06\/01\/axa-sells-canada-unit-for-2-7bn\/\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/06\/01\/axa-sells-canada-unit-for-2-7bn\/\",\"name\":\"Axa sells Canada unit for $2.7bn - Ghanamma.com\",\"isPartOf\":{\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\"},\"datePublished\":\"2011-06-01T07:29:20+00:00\",\"author\":{\"@id\":\"\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.ghanamma.com\/2011\/06\/01\/axa-sells-canada-unit-for-2-7bn\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.ghanamma.com\/2011\/#website\",\"url\":\"https:\/\/www.ghanamma.com\/2011\/\",\"name\":\"Ghanamma.com\",\"description\":\"News In Ghana - Latest Ghana News Headlines\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Axa sells Canada unit for $2.7bn - Ghanamma.com","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.ghanamma.com\/2011\/06\/01\/axa-sells-canada-unit-for-2-7bn\/","twitter_card":"summary_large_image","twitter_title":"Axa sells Canada unit for $2.7bn - Ghanamma.com","twitter_description":"1 June 2011 Last updated at 03:29 ET Axa, Europe's second largest insurance company, has announced it is selling its Canadian unit to Intact Financial. Intact is paying 2.6bn Canadian dollars ($2.7bn; \u00a31.6bn) for Axa Canada, which is the country's sixth largest general insurance firm. As well as announcing the sale, Axa has also outlined a five-year plan to raise earnings and reduce debt","twitter_creator":"@ghanamma","twitter_site":"@ghanamma","twitter_misc":{"Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.ghanamma.com\/2011\/06\/01\/axa-sells-canada-unit-for-2-7bn\/#article","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/06\/01\/axa-sells-canada-unit-for-2-7bn\/"},"author":{"name":"","@id":""},"headline":"Axa sells Canada unit for $2.7bn","datePublished":"2011-06-01T07:29:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.ghanamma.com\/2011\/06\/01\/axa-sells-canada-unit-for-2-7bn\/"},"wordCount":118,"commentCount":0,"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.ghanamma.com\/2011\/06\/01\/axa-sells-canada-unit-for-2-7bn\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.ghanamma.com\/2011\/06\/01\/axa-sells-canada-unit-for-2-7bn\/","url":"https:\/\/www.ghanamma.com\/2011\/06\/01\/axa-sells-canada-unit-for-2-7bn\/","name":"Axa sells Canada unit for $2.7bn - Ghanamma.com","isPartOf":{"@id":"https:\/\/www.ghanamma.com\/2011\/#website"},"datePublished":"2011-06-01T07:29:20+00:00","author":{"@id":""},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.ghanamma.com\/2011\/06\/01\/axa-sells-canada-unit-for-2-7bn\/"]}]},{"@type":"WebSite","@id":"https:\/\/www.ghanamma.com\/2011\/#website","url":"https:\/\/www.ghanamma.com\/2011\/","name":"Ghanamma.com","description":"News In Ghana - Latest Ghana News Headlines","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.ghanamma.com\/2011\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/434026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/comments?post=434026"}],"version-history":[{"count":0,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/posts\/434026\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/media?parent=434026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/categories?post=434026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ghanamma.com\/2011\/wp-json\/wp\/v2\/tags?post=434026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}