The BNP Paribas Group has entered into exclusive negotiations with AXA to acquire 100 percent of AXA Investment Managers.
The agreed price for the acquisition and the set-up of the partnership is €5.1 billion ($5.5 billion) at closing, which is expected in mid-2025.
It would become the European leading player in the management of long-term savings assets for insurers as well as pension funds, with €850 billion ($918 billion) of assets.
“This project would position BNP Paribas as a leading European player in long-term asset management,” said Jean-Laurent Bonnafé, director and CEO, BNP Paribas. “Benefiting from a critical size in public and alternative assets, BNP Paribas would serve its customer base of insurers,
