They were chosen by multicultural teams of employees, formed to ensure that the concepts would be meaningful to Group companies operating in different countries around the world.
Les Mutuelles Unies (formerly Anciennes Mutuelles, the companies out of which the Group was formed) acquired the Drouot group in 1982. Drouot's holding company, Compagnie Financière Drouot, became the financial holding company of the AXA Group. In 1990, the Group was legally and organizationally restructured and La Compagnie Financière Drouot was renamed Finaxa.
Until 2005, Finaxa was a holding company whose principal asset was a significant equity interest in AXA (roughly 17.1% of AXA's ordinary shares, representing approximately 27.2% of the voting rights as at February 29, 2004). In addition, Finaxa owned the AXA brand.
In 2005, AXA decided to simplify its legal structure through the merger of FINAXA into AXA. The transaction was approved at both AXA and FINAXA extraordinary shareholder's meetings held on December 16th, 2005. With the merger, the Group becomes owner of the AXA brand. As a result of the merger French Mutuelles AXA become the largest direct shareholder of the AXA Group with 14 % of outstanding shares and 23 % of voting rights.
Almost exclusively, AXA S.A. (the Group's holding company) owns equity interests (often 100%) in the Group's insurance and asset management subsidiaries.
Branches:
- Dubai (Main Office, Jabel Ali)
- Abu Dhabi
- Sharjah
Wafi Residential Centre,
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Tel: +971 4 324 3434
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