ENXTPA:CSInsurance
Should Activist Pressure and the "Unlock the Future" Plan Prompt Action From AXA (ENXTPA:CS) Investors?
In recent days, activist investor Cevian has reportedly set its sights on AXA, considering a similar value-unlocking approach to its previous Aviva campaign, including possible asset sales and capital release strategies. AXA's CEO Thomas Buberl has just launched the "unlock the future" plan, aimed at higher earnings, improved return on equity, and elevating capital returns to shareholders.
An interesting aspect is that AXA, despite holding a high solvency ratio and described as undervalued,...