AXA to sell off €1.8bn tobacco sector stake
Changing role of health insurers
AXA Group plans to dispose of all its exposure to tobacco companies, currently valued at around €1.8bn, while the insurer will no longer make new investments into the sector.
The French insurance company said it has made the move as a result of the changing role of health insurers, which will see it increase investments into companies which focus on the prevention of diseases....
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