PARIS, May 4 (Reuters) - French insurance group Axa said on Wednesday it was in talks to sell itsremaining UK life and savings assets in a deal that could allowit to potentially raise 650 million pounds ($944.8 million).
It said the transaction would generate a one-time negativenet income impact of 400 million euros ($459 million).
Axa said it agreed to sell its "Elevate" wrap platformbusiness to Standard Life and that it was also indiscussions to dispose of its direct protection business,SunLife, and its traditional investment and pension business. ($1 = 0.8709 euros) ($1 = 0.6880 pounds) (Reporting by Astrid Wendlandt; Editing by James Regan)