BNP Paribas enters into exclusive negotiations with Axa for the acquisition of Axa Investment Managers and a long-term partnership in Asset Management
The BNP Paribas Group announces today that it has entered into exclusive negotiations with AXA to acquire 100% of AXA Investment Managers (AXA IM), representing close to €850bn’ assets under management, together with an agreement for a long-term partnership to manage a large part of AXA’s assets.
With the combined contribution of BNP Paribas’ asset management platforms, the newly formed business, which total assets under management would amount to €1,500bn, would become a leading European player in the sector.
The agreed price for the acquisition and the set-up of the partnership is of €5.1bn at closing, expected mid-2025. Please find more information in BNP Paribas Group’s international press release.
Contact
Georg Haumann
BNP Paribas Germany
Senckenberganlage 19
60325 Frankfurt am Main
+49 (0) 170 661 6937
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