AXA relies on Linklaters for strategic investment
Linklaters comprehensively advised the French insurer AXA on its investment in Africa Internet Group. Next to AXA, inter alia Rocket Internet and the South-African mobile telecommunication company MTN hold significant stakes in the Africa Internet Group which is administered via a German holding entity. AXA intends to strengthen its position in the African insurance market by this strategic investment and expects profitable business opportunities on the African continent due to a growing middle class. Based on the investment, Africa Internet Group will distribute AXA insurance products on an exclusive basis via its websites.