AXA France (AXA) is the world's largest insurance group and the third-largest asset management group.

In June 1999, AXA Group and China Minmetals Corporation jointly established Jinsheng Life Insurance Co., Ltd. (AXA-Minmetals Assurance Co., Ltd.) in Shanghai, China—the first Sino-French joint-venture life insurer in China and the first life insurance company approved by the China Insurance Regulatory Commission (CIRC) after its establishment. In July 2012, Industrial and Commercial Bank of China (ICBC)—the world’s largest bank—joined as a new shareholder, and the company was renamed ICBC-AXA Life Insurance Co., Ltd. (hereinafter referred to as “ICBC-AXA Life”). The registered capital stands at RMB 12.505 billion. ICBC-AXA Life exclusively engages in life insurance, health insurance, and personal accident insurance. According to industry data released by the China Banking and Insurance Regulatory Commission (CBIRC) as of end-2019, ICBC-AXA Life ranked first among all Sino-foreign joint-venture and wholly foreign-owned life insurers in China in terms of premium income. In 1999, AXA strengthened its positions in the UK and German markets through its subsidiary Sun Life & Provincial Holdings’ acquisition of Guardian Royal Exchange (UK). In 2001 and 2002, AXA acquired Banque Directe, thereby establishing a banking platform. In 2004, AXA acquired the U.S.-based MONY Group, expanding its U.S. life insurance market share by approximately 25%. In 2006, AXA acquired the Swiss Winterthur Group—operating across 17 countries and serving 13 million customers—further reinforcing AXA’s leading position in many European markets. Also in 2006, AXA Asia Pacific Holdings acquired MLC (Hong Kong) Limited and renamed it AXA (Hong Kong) Life Insurance Company Limited. In 2007, AXA Asia Pacific Holdings acquired Winterthur (Hong Kong) Limited and renamed it AXA Wealth Management (Hong Kong) Limited. In the 2010 Fortune Global 500 ranking, AXA ranked 9th with revenue of USD 175.257 billion. Today, AXA operates across more than 50 countries and regions on five continents, with approximately 110,000 employees and insurance agents worldwide. Its core businesses are insurance and asset management. AXA Group is listed on both the Euronext Paris and New York Stock Exchanges; several of its subsidiaries are also listed locally—including in Australia, New Zealand, Hong Kong, New York, Frankfurt, London, Brussels, and Dublin. In 1985, when the AXA brand was first launched, its annual revenue stood at just EUR 200 million; by 1990, this had grown to EUR 7 billion. AXA’s revenue has since soared to EUR 72.2 billion, making it the world’s third-largest insurance group.

Summary: Major M&A Events in the Global Chemical Industry (2016–2021)

December 2020: Evonik announced its acquisition of DURECT Corporation’s LACTEL® medical-grade biodegradable polymer business; the transaction is expected to close in Q1 2021. LyondellBasell | TIVACO December 7, 2020: LyondellBasell and Suez jointly announced the acquisition of Belgian plastic recycling company TIVACO. Following the acquisition, TIVACO will become part of Quality Circular Polymers (QCP), their existing plastic recycling joint venture. This acquisition will increase QCP’s annual recycling capacity to approximately 55,000 tons. INEOS | BP January 1, 2021: INEOS announced the completion of its USD 5 billion acquisition of BP’s global aromatics and acetyls businesses. These businesses will operate under the names INEOS Acetyls and INEOS Aromatics. Ascend Performance Materials | Eurostar Engineering Plastics January 5, 2021: Ascend Performance Materials announced the successful acquisition of Eurostar Engineering Plastics. Post-acquisition, the company will expand its high-performance engineering plastics portfolio—particularly UL-certified flame-retardant grades, water-contact grades, thermally conductive grades, and high-temperature-resistant grades. PPG | Wörwag January 13, 2021: PPG announced it had entered into a definitive agreement to acquire Wörwag, a global industrial and automotive coatings manufacturer. In June 2021, PPG announced the acquisition had been completed. LANXESS | Emerald Kalama Chemical February 14, 2021: LANXESS, the German specialty chemicals company, announced it had signed an agreement to acquire U.S.-based Emerald Kalama Chemical for USD 1.04 billion. DuPont | Laird March 8, 2021: DuPont announced it had entered into a definitive agreement with Apax Partners to acquire Laird Performance Materials for USD 2.3 billion. On July 1, 2021, DuPont successfully completed the acquisition of Laird Performance Materials. Sinochem Group | China National Chemical Corporation (ChemChina) March 31, 2021: With approval from the State Council of China, Sinochem Group and ChemChina announced their merger and reorganization. On May 8, 2021, China Sinochem Holdings Co., Ltd. (short name: “China Sinochem”)—formed through the merger of China Sinochem Group Co., Ltd. and China National Chemical Corporation—was officially inaugurated. Prince International | Ferro May 11, 2021: Prince International Corporation (USA) announced it would acquire Ferro Corporation for USD 22 per share in cash, valuing the deal at approximately USD 2.1 billion (RMB ~13.55 billion). Upon closing, Ferro will merge with Chromaflo Technologies, a provider of colorant technology solutions. Trinseo | Synthos

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Vontobel Holding Acquires 14,647 Shares of DuPont de Nemours

Vontobel Holding Acquires 14,647 Shares of DuPont de Nemours

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