Axa selling Czech and Slovak business to Uniqa

The Axa financial group is selling off its assets in the Czech Republic, Poland and Slovakia to the Uniqa Insurance Group. Axa has insurance and pension fund activities in the Czech Republic having sold off its Axa bank units in 2013. Reuters broke the news that Axa would be leaving the region back in October, describing it as part of a restructuring effort of the company. The issue does not appear to be related to its business in Slovakia and the Czech Republic, as the company made a profit of CZK 725m 2018 with 527 employees. Its retail customer base in the two countries is 1.6 million, writes penize.cz.