AXA is reported to be in discussions regarding the possible acquisition of Winterthur from Credit Suisse for an estimated $8bn, according to reports.
While skeptical about the report, investment bank, Keefe, Bruyette & Woods said it believes that Winterthur would make a “good fit” for AXA.
It added: [AXA] is likely to have good knowledge of Winterthur from the trade sale process of two years ago and so might feel that it can strike a deal with Credit Suisse at a good price because the latter is concerned about the impact of current market volatility on the IPO."
Furthermore, KBW said that Winterthur has a strong standing in Switzerland and other European markets, which would appeal to AXA.
