AXA set to buy IFA firm SBJ

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AXA has made a formal offer to purchase 100pc of the share capital of SBJ Group.

The offer has been unanimously recommended by the Board and has been put to shareholders. The acquisition of SBJ will complement and enhance AXA's UK advisory and broking capability, bringing increased scale, a wider national presence and access to new market areas. Nicolas Moreau, chief executive of AXA UK, said: "This signals an exciting opportunity offering real benefits for both AXA UK and SBJ and I am confident that SBJ's shareholders will respond positively to our offer. "AXA UK is firmly committed to expanding its presence and expertise in advisory services and broking and SBJ ...

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