IN BRIEF (Page 13)

AXA may sell Taikang stake

French insurer AXA is in the early stages of selling its 15 percent stake in Taikang Life Insurance Co, in a deal that could fetch as much as $1 billion, Reuters reported yesterday citing unnamed sources. Morgan Stanley is advising AXA on the sale of the stake, with the auction expected to attract several large corporate and private equity suitors.

Minmetals eyes assets