AXA to take major stake in UAE’s Green Crescent Insurance | GulfNews.com:
"French insurance giant AXA Group and its partner in the UAE, Kanoo Group, plan to become major shareholders in the UAE’s Green Crescent Insurance Co (GCIC), GCIC said on Sunday.
The firm has called a shareholder meeting on March 26 “to consider resolutions to expand the capital base of GCIC and forge a long-term strategic alliance with AXA Group and its UAE partner, the Kanoo Group”, it said in a statement."
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