To reach its target of generating free cash flows of €28.32bn in 2016-20, AXA is selling businesses with reduced scale which consists of heavy-capital Life books. Bloomberg has reported that, in addition to Central and Eastern European activities that are under review, the Middle Eastern operations are also being reconsidered. Even if the two businesses are sold, the insurer will still be far from its targets. This gives credence to the hypothesis an asset management arm disposal.
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Race for cash
To reach its target of generating free cash flows of €28.32bn in 2016-20, AXA is selling businesses with reduced scale which consists of heavy-capital Life books. Bloomberg has reported that, in addition to Central and Eastern European activities that are under review, the Middle Eastern operations are also being reconsidered. Even if the two businesses are sold, the insurer will still be far from its targets. This gives credence to the hypothesis an asset management arm disposal.