French insurance giant will float a stake in its US operation, including an interest in fund manager whose leadership was replaced last week

AXA, the French insurance giant, said on Wednesday it plans to list its large US life-insurance operations - including a stake in AllianceBernstein, its US fund management arm.

The French group said it hoped to raise billions of dollars from the sale in the first half of 2018, by selling a minority stake in the combined life-insurance and asset management company, the 

AXA to list AllianceBernstein alongside US insurance arm

FN Staff

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The AI titan will maintain its strong lead, but complicated product rollouts, sky-high expectations and the China threat add complications to growth potential.

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