((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))
Financial investor Athora Holding has given up on buying a German portfolio of life insurance policies in liquidation from French insurer AXA
AXAF.PA , he said Thursday.
The parties had announced the sale of the portfolio, with a volume of 16 billion euros ($17.13 billion), for 660 million euros in 2022.
But Athora said on Thursday that financial conditions had changed and that it had decided by mutual agreement with AXA not to pursue the operation.
(1 dollar = 0.9338 euros)