Axa chief says proposed €5bn BNP deal could enable deal spree

Aug 4, 2024  · Axa’s chief executive said its proposed €5bn deal to offload its asset manager to banking group BNP Paribas would give it significant firepower to “reinforce” its core insurance …


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Axa Chief Says Proposed €5bn BNP Deal Could Enable Deal Spree

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Aug 4, 2024  · Axa’s chief executive said its proposed €5bn deal to offload its asset manager to banking group BNP Paribas would give it significant firepower to “reinforce” its core insurance …

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BNP In Talks To Buy Axa Investment Managers In 5.1 Billion Euro Deal

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Aug 2, 2024  · BNP Paribas is in exclusive talks with Axa to buy the insurer’s asset management unit for 5.1 billion euros (S$7.34 billion), a move that will create one of Europe’s largest money …

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BNP Paribas In Talks To Buy AXA Investment Managers For 5.1 Bln …

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Aug 1, 2024  · BNP Paribas is in exclusive talks with French insurer AXA to buy 100% of its AXA Investment Managers arm at an agreed price of 5.1 billion euros ($5.50 billion), the euro …

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BNP Paribas In Exclusive Talks For $5.52 Billion Deal For AXA’s ...

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BNP Paribas entered into exclusive talks to buy the investment-management arm of AXA and reach a long-term partnership for $5.5 billion, in a deal that would create a European asset …

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BNP Paribas Could Become Europe's Largest Money Manager With …

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Aug 2, 2024  · BNP Paribas is in exclusive talks to acquire AXA Investment Managers for €5.1 billion ($5.5 billion).. Why it matters: The deal would create one of Europe's largest money …

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BNP Paribas Eyes €5.1bn Purchase Of Axa Investment ... - The Banker

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Aug 2, 2024  · The proposed sale, which is expected to close by mid-2025 following regulatory approvals, would merge AXA’s €850bn assets under management with BNP Paribas, creating …

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BNP In Talks To Buy Axa Investment Managers In US$5.5 Billion Deal

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Aug 2, 2024  · The proposed deal would allow BNP to challenge Europe’s No. 1, Amundi SA, although it would still be dwarfed by U.S. firms such as BlackRock Inc. or Vanguard Group Inc. …

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Axa In Exclusive Talks To Offload Asset Management Unit To BNP …

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Aug 1, 2024  · Axa has entered exclusive talks over a €5.1bn deal to sell its asset management unit to BNP Paribas, with the two firms set to enter a long-term investment management …

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BNP Paribas In Exclusive Talks To Acquire AXA IM In $5.6 Billion Deal

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Aug 1, 2024  · The proposed deal is expected to complete in mid-2025. BNP Paribas’s money management unit, BNP Paribas Asset Management, had €576 billion in assets under …

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BNP Paribas In Exclusive Talks For $5.5 Billion Acquisition Of AXA IM

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Aug 1, 2024  · BNP Paribas entered into exclusive talks to buy the investment-management arm of insurer AXA for 5.1 billion euros ($5.52 billion) and reach a long-term partnership in asset …

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BNP Paribas In Negotiations To Buy AXA IM For €5.1bn

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Aug 1, 2024  · The BNP Paribas Group announces that it has entered into exclusive negotiations with AXA to acquire 100% of AXA Investment Managers (AXA IM), representing close to …

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Axa Chief Says Proposed €5bn BNP Deal Could Enable Deal Spree

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Axa chief says proposed €5bn BNP deal could enable deal spree Keep abreast of significant corporate, financial and political developments around the world. Stay informed and spot …

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BNP Paribas In Exclusive Talks For $5.52 Billion Deal For AXA’s

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BNP Paribas entered into exclusive talks to buy the investment-management arm of insurer AXA and reach a long-term partnership for 5.1 billion euros ($5.52 billion), in a deal that would …

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BNP’s Bonnafe Bets Big On Alternatives With €5 Billion Axa Deal

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Aug 2, 2024  · BNP Paribas SA ’s Jean-Laurent Bonnafe built a reputation as reluctant dealmaker in more than 12 years at the helm. Now he’s willing to bet €5.1 billion ($5.5 billion) that …

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BNP Paribas Swoop On AXA Fund Business Fuels Hopes For More …

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Aug 2, 2024  · The French bank revealed on Thursday it was in exclusive negotiations to buy AXA Investment Managers for more than 5 billion euros ($5.5 billion), creating one of Europe's …

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BNP’s AXA Deal Is A Logical Use Of Spare Cash | Reuters

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Aug 2, 2024  · BNP Paribas investors will be heaving a sigh of relief. Ever since the $75 billion French bank finalised its sale of U.S. arm BancWest last year, the risk has been that CEO …

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BNP Paribas : Exclusive Negotiation With Axa For The

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Jan 8, 2024  · 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 …

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Axa Chief Says Proposed €5bn BNP Deal Could Enable Deal Spree

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Aug 4, 2024  · Axa chief says proposed €5bn BNP deal could enable deal spree. By 4 August 2024 RSS Feed. No Comments; 0; 0. French insurer expects ‘significant’ M&A firepower from …

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FAQs about Axa chief says proposed €5bn BNP deal could enable deal spree Coupon?

Will BNP Paribas buy AXA Investment Managers?

BNP Paribas is in exclusive talks to acquire AXA Investment Managers for €5.1 billion ($5.5 billion). Why it matters: The deal would create one of Europe's largest money managers, with roughly €1.5 trillion in assets under management. ...

Will BNP buy Axa IM?

BNP said it will acquire AXA IM through its Cardif insurance business, and merge it with BNP Asset Management, creating a fund group with 1.5 trillion euros of assets. The unit will also run AXA’s long-term savings business. The deal will generate an 18% return on invested capital after three years, the French bank said. ...

How much money will BNP invest in AXA?

Under the anticipated terms of the deal with BNP, the insurer would receive cash proceeds of €5.1bn for its investment management arm, plus €0.3bn for the linked sale of Select, an Axa unit providing fund services. ...

What happened between BNP & AXA?

After a slow build-up, talks accelerated over the past few weeks, culminating in conversations between BNP and AXA - led by BNP CEO Jean-Laurent Bonnafé and AXA CEO Thomas Buberl - that finalised the deal, said one of the people. ...

Is AXA a big deal?

It is also one of the largest deals in asset management in the past few years. Goldman Sachs acquired Netherlands-based asset manager NN Investment Partners for 1.7 billion euros in 2022 but there have been few big deals since. AXA was advised by JPMorgan and Zaoui & Co, while BNP had its own internal advisory team, two of the people said. ...

Why did AXA decide to buy a global asset manager?

Thomas Buberl, Axa chief executive, said the decision had been made “in the context of a rapidly consolidating and highly competitive asset management industry”. He added the proposed deal would create a “global asset manager with a wider product offering and a mutual objective to further their leading position in responsible investing”. ...

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