French insurance giant AXA has announced that the company will donate €10m to support the restoration of Notre-Dame de Paris, which sustained substantial damages during a fire accident on Monday 16 April.

Roof and spire of the medieval cathedral located in the heart of Paris was gutted in fire by the time fire-fighters extinguished the blaze.

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However, the fire-fighters saved two large stone bell towers as well as a number of the precious items inside the cathedral.

AXA in a statement said: “All employees and partners of the AXA Group in France and around the world express their sadness and solidarity in the wake of the fire that struck Notre-Dame de Paris.

“AXA, which has a longstanding tradition of philanthropic support for the safeguarding of France’s cultural heritage, will contribute to the rebuilding effort of Notre-Dame de Paris, by mobilising as of now €10m for the fundraising campaign launched by the President of the French Republic.

Besides AXA, many other firms have also pledged to support the rebuild of the cathedral.

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French multinational investment bank Societe Generale has agreed to provide €10m for the repairing of the cathedral.  French banking group Natixis and Crédit Agricole have also pledged €10m and €5m, respectively.

François-Henri Pinault, chairman and CEO of the Kering Group that owns the Gucci and Yves Saint Laurent fashion brands, pledged €100m, AFP news agency reported.

Bernard Arnault’s family and their company LVMH have pledged another €200m towards rebuilding Notre-Dame.

Similarly, cosmetics firm L’Oreal and its founder Bettencourt family pledged €200m to the reconstruction effort. French oil major Total has also pledged €100m.

Meanwhile, French President Emmanuel Macron said the cathedral would be rebuilt more beautifully within next five years.