Axa acquires stake in Newhome
The insurer joins the real estate portal with 20% and wants to strengthen its position in the residential sector.
Newhome is owned by 19 cantonal banks and around 500 companies from the real estate industry, which hold their shares via Next Property AG. Subject to the approval of Finma, the share capital will be increased through the issue of new shares and will now be divided between the cantonal banks, Next Property AG and Axa with stakes of 50 %, 30 % and 20 %.
"By acquiring a stake, Axa is securing access to customers in the residential and real estate sector," says Dominique Kasper, Head of General Insurance at the insurer. Johannes Hoehener, Chairman of the Board of Directors of Newhome, comments on the investment as follows: "Axa's strategic investment increases our reach and is an important step in the implementation of our growth strategy." He announces: "We want to position ourselves as the strongest regional real estate portal." (aw)
