Tax worries delayed spin-out of $31 billion investment group.
FORTUNE -- French insurance giant AXA Group today reached an agreement to spin out its $31 billion private equity unit, a whopping 18 months after originally putting the unit up for sale. Part of the delay apparently related to uncertainty over new tax schemes being proposed by French President Francois Hollande.
The entire deal values AXA Private Equity at €510 million, and includes MORE