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AXA today announced that it has entered into an agreement to sell Bluefin’s employee benefits consulting business, Bluefin Corporate Consulting, (“BCC”) to Capita plc for a cash consideration of £50 million on a cash-free, debt-free basis. The transaction is subject to regulatory approval and is expected to complete in the second quarter of 2012. AXA will retain the Bluefin trading name. Bluefin’s other operations, including Bluefin Insurance Group, which is core to AXA’s Commercial Lines operation, and Bluefin Personal Consulting, which provides wealth management services, do not form part of this transaction.
Paul Evans, Group Chief Executive of AXA UK and Ireland commented: |
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