REFILE-UPDATE 2-AXA eyes cheap deals in emerging market push

viernes 21 de febrero de 2014 13:49 GYT
 

(Repeats to correct spelling of Colombia in 2nd paragraph)

* 2013 net revenue rises 2 pct to 91 bln euros

* Net income up 14 pct at constant exchange rates

* Proposes 0.81 euro full-year dividend, up 13 pct

By Maya Nikolaeva and Matthieu Protard

PARIS, Feb 21 (Reuters) - French insurance group AXA is looking for more acquisitions in emerging markets, the company said after posting a 14 percent rise in full-year net income and lifting its dividend by 13 percent.

Faced with low interest rates in the United States and euro zone, AXA has sold some of its businesses in developed markets and spent 5 billion euros ($6.86 billion) since 2010 on acquiring companies in the likes of China and Colombia.

Many investors have fled high-growth emerging markets since the United States began tapering its bond-buying monetary stimulus towards the end of last year, sending emerging market currencies plummeting. AXA, however, views the currency turmoil as a buying opportunity.   Continuación...