AXA have confirmed that their attempt to take over SBJ has been successful, their offer was accepted by 90% of the group’s shareholders.

But although the offer has been accepted unconditionally it is being kept open for additional acceptances until further notice.

The FSA have approved the purchase, so AXA can now take formal control of SBJ.

Chief executive of AXA, Nicolas Moreua says: ‘I am delighted that our acquisition of SBJ Group has been successful. This marks a significant step in our strategy to build a leading advisory services and broking business in the UK.’

He adds: ‘The addition of SBJ strengthens our position in the market and represents an exciting opportunity for SBJ and AXA.