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AXA to sell UK arm to Resolution

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AXA to sell UK arm to Resolution

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London based Investment firm Resolution is to buy French company AXA’s life insurance and pensions divisions in Britain for 3.3 billion euros.

The AXA deal is Resolution’s second takeover after its acquisition of British life insurer Friends Provident last year.

The company aims to buy at least one more similar firm, merge them and then sell the enlarged group.