Aragon unloads 15% of Biw to AXA

Germany-based holding company Aragon (ETR:A8A) announced on Thursday it has sold a 15% interest in online bank Biw AG to AXA Germany, the local arm of French insurer AXA (EPA:AXA), for an undisclosed amount.

Aragon said it has acquired the 15% stake from German Conomus AG. Following the transaction, the company holds 47% of Biw.

Country: Germany

Sector: Banking/Financial services

Target: biw Bank fur Investments und Wertpapiere AG

Buyer: AXA Germany

Vendor: Aragon AG

Type: Divestment

Status: Closed

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