AXA, a global investment management firm, has entered exclusive negotiations with BNP Paribas to sell its subsidiary AXA Investment Managers, in a massive transaction that is expected to be completed in summer 2025. BNP Paribas Cardif will pay €5.1 billion or roughly $5.6 billion in cash and the deal will take BNP Paribas' assets under management to around €1.5 billion, bringing it a step closer to peer Amundi, which has €2.150 billion.
BNP Paribas Enters Negotiations To Acquire Global Investment Management Firm, AXA IM
The Deal Would Make BNP Paribas Second-Largest Asset Manager in the World Behind Amundi
By Benoît Léger
Business Immo
August 5, 2024 | 2:26 P.M.
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