AXA Equitable Holdings, Inc. Announces Transfer of AXA Equitable Life Insurance Company’s Interests in AllianceBernstein to...
January 03 2019 - 4:15PM
Business Wire
AXA Equitable Holdings, Inc. (NYSE:EQH) announced today that EQH
and certain of its subsidiaries have executed a series of
transactions that transferred all of the interests in
AllianceBernstein (NYSE:AB) held directly or indirectly by EQH’s
subsidiary AXA Equitable Life Insurance Company (including units of
the limited partnership interest in AllianceBernstein L.P., units
representing assignments of beneficial ownership of limited
partnership interests in AllianceBernstein Holding L.P. and shares
of AllianceBernstein Corporation) to a newly-created wholly-owned
subsidiary of EQH. These transactions were undertaken in order to
simplify the EQH corporate structure and streamline EQH’s cash flow
and capital management.
ABOUT AXA EQUITABLE HOLDINGS
AXA Equitable Holdings, Inc. (NYSE:EQH) is one of the leading
financial services companies in the U.S. and is comprised of two
complementary and well-established principal franchises, AXA
Equitable Life Insurance Company and AllianceBernstein. We have
been helping clients prepare for their financial future since 1859
and have a combined total of more than 12,100 employees and
financial professionals, 5.3 million customer relationships and
$668 billion of assets under management (as of 09/30/18).
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