PARIS | Thu Sep 29, 2011 08: 40 BST
PARIS (Reuters) - which would make French insurer, which AXA confirmed explores the possible sale of its private-equity unit, but said there was no guarantee to a transaction.
AXA (AXAF.)(PA) said on Wednesday, was "strategic considerations" of the unit in a "preliminary". Europe's no. 2 insurer said that it looks still private equity as an attractive investment class for its assets.
Reported Reuters and other media last week, AXA was considering a sale of private-equity unit, the EUR 20 billion (17.4 billion pounds) in management.
A source of told of Reuters that the unit would as much as $1.5 billion (£ 957 m), while others said that it was probably much less retrieved.
Analysts say that a sale of the unit probably a reaction to the stricter capital requirements under the Solvency II rules, is that to strengthen the financial strength of the industry.
In accordance with the French newspaper La Tribune of French investment company Eurazeo (EURA.)(PA) and U.S. private-equity firms KKR & co (KKR).(N) and Carlyle might be interested in the device when it is put for sale.
Eurazeo rejected an opinion while KKR and Carlyle not immediately could be reached for comment.
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