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Credit Suisse returns to Winterthur

Credit Suisse has won the mandate from Axa to advise it on the $1.2bn (€916.3m) sale of the US arm of Winterthur, the insurance company it sold to the French group last June.

Axa called in the Swiss bank alongside Merrill Lynch on the sale of Winterthur's US business to Australia's QBE Insurance Group, according to a source close to the French group

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