Capita tipped as the buyer

AXA is close to selling Bluefin Advisory Services (BAS) to Capita, according to Bloomberg.

BAS is the London-based employee benefits division of Bluefin.

AXA first announced a sale of the business last November and hired Fenchurch Advisory Partners to advise on the transaction.

The French insurer is keen to sell BAS to meet its five-year goal of a 15% return on equity and 10% annual earnings per share growth.

 

 

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