Dow Jones Industrial Average will rise against the acquisition of European insurance market

Growth Dow Jones Industrial Average provoke some good news from the insurance market in Europe

In brief: The level of support Dow Jones Industrial Average rising. Bears go into hibernation until the middle of bidding.

Dow Jones begins a week on a positive note. News from Europe made it possible to increase trade volumes bulls. Futures on the Dow Jones Industrial Average rising by 0,5%. So, news from Europe: British investment company Resolution Ltd acquired a unit of French insurer Axa SA for $ 4 billion (2.75 billion pounds). Completion of the transaction, which resulted in Resolution will own the majority located in the kingdom offices Axa Life Insurance, is scheduled for late June.

Implementation of its British assets will allow AXA to finance the purchase of companies in Asia, where the insurer plans to strengthen its presence by buying the share of AXA Asia Pacific Holdings with minority investors. AXA, being the second largest strazovoy company in Europe, is also the largest provider of insurance services in Asia. According to analysts, the company could become a major contender for the purchase of local assets of their competitors – AIA and ING, which will dump its “daughters” to settle a taken at the beginning of the global financial crisis to government loans. The Thai government is going to offer Temasek Holdings to buy its stake in the company Thaicom, which owns a monopoly on the work of the satellites, for political reasons – the country’s leadership considers the participation of Singapore companies in the Thai satellite monopoly threat to national security.

Anrey Torbinski
2010-06-14 13:29, Economics.

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