BNP Paribas in Exclusive Talks for $5.5 Billion ... - Morningstar

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 …

CouponFollow Extension

$5
OFF

BNP Paribas In Exclusive Talks For $5.5 Billion ... - Morningstar

3 days from now

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 …

morningstar.com

$5.52
OFF

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

3 days from now

Aug 1, 2024 · 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 …

morningstar.com

100%
OFF

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

3 days from now

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 …

reuters.com

$5
OFF

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

3 days from now

Aug 2, 2024 · The €5.1 billion sale of Axa Investment Managers to BNP Paribas gives Axa a useful slug of cash and a €2.2-billion capital gain. Yet Axa is giving up a business that in the …

bnnbloomberg.ca

$5
OFF

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

3 days from now

Aug 1, 2024 · BNP Paribas Group is in exclusive talks to acquire AXA Investment Managers in a €5.1 billion ($5.6 billion) deal that would create a €1.5 trillion money manager.

pionline.com

$5
OFF

Analysis-BNP Paribas Swoop On AXA Fund Business Fuels Hopes For …

3 days from now

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 …

yahoo.com

100%
OFF

BNP Paribas In Talks To Buy AXA Investment Managers For $5.5B

3 days from now

French banking giant BNP Paribas is in exclusive talks with AXA to purchase 100% of its AXA Investment Managers arm at an agreed price of $5.5 billion (€5.1 billion).

forbesmiddleeast.com

$5
OFF

BNP In Talks To Create Asset Management Titan

3 days from now

Aug 2, 2024 · BNP Paribas SA is in exclusive talks with Axa SA to buy the insurer’s asset management unit for €5.1 billion ($5.5 billion), a move that will create one of Europe’s largest …

investmentnews.com

100%
OFF

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

3 days from now

Aug 2, 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

insurancejournal.com

$5
OFF

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

3 days from now

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

marketscreener.com

€5
OFF

BNP’s €5.1 Billion Axa Deal Is One Giant Bolt-On: Paul J. Davies

3 days from now

Aug 2, 2024 · BNP Paribas SA has had billions of euros in spare capital burning a hole in its corporate pocket since the sale of its US retail arm, Bank of the West, last year. ... Now, it’s in …

bloomberglaw.com

3%
OFF

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

3 days from now

Aug 2, 2024 · BNP Paribas shares were trading at 60.7 euros as of 0826 GMT on Aug. 2, down 1.3%. The STOXX index of leading European stocks was off 1.4%, while AXA shares were …

reuters.com

$5
OFF

With $5.5 Billion Deal Talks, BNP Paribas Looks To Create Monster …

3 days from now

Aug 1, 2024 · BNP Paribas is in exclusive talks with insurer AXA to buy its asset-management business for about $5.5 billion, a deal that would more than double the funds it oversees to …

wsj.com

$5
OFF

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

3 days from now

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 …

bloomberglaw.com

FAQs about BNP Paribas in Exclusive Talks for $5.5 Billion ... - Morningstar Coupon?

Will BNP Paribas buy AXA Investment Managers?

BNP Paribas Group is in exclusive talks to acquire AXA Investment Managers in a €5.1 billion ($5.6 billion) deal that would create a €1.5 trillion money manager. ...

How much money does BNP Paribas have under management?

BNP Paribas’s money management unit, BNP Paribas Asset Management, had €576 billion in assets under management as of June 30, with €338 billion in institutional AUM. Of its total AUM, €382.8 billion is classified as ESG AUM, according to its website. The firm runs strategies across listed and private assets. ...

How much will BNP pay for AXA Investment Managers?

AXA said in a separate statement that BNP would pay 5.1 billion euros in cash for AXA Investment Managers. Additionally, AXA would receive 300 million euros for the acquisition by AXA IM of Select, a company owned by AXA. ...

Is BNP acquiring AXA SA?

Now, it’s in exclusive talks to splash €5.1 billion ($5.5 billion) in one go on Axa SA’s investment-management arm. The deal fits BNP’s aim of expanding insurance and wealth businesses that generate fee income on low capital requirements. Still, an acquisition this size is one hell ... ...

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. ...

Will other European banks follow BNP Paribas?

BNP Paribas and AXA both declined to comment. Jefferies' Dickerson predicted that other European banks would follow BNP in expanding in fund management, searching for ways to drum up fees. ...