France’s AXA commits up to 200 mln euros to Monte dei Paschi cash call – sources

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MILAN — French insurer AXA has committed up to 200 million euros ($195.28 million) towards the capital increase at its Italian banking partner Monte dei Paschi di Siena, two people close to the matter said on Thursday.

AXA declined to comment. ($1 = 1.0242 euros) (Reporting by Valentina Za, editing by Agnieszka Flak)