BNP Paribas in Exclusive Talks for $5.5 Billion

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 Exclusive Talks For $5.5 Billion

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

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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 …

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BNP Paribas In Exclusive Talks For $5.52 Billion Deal For …

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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 …

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BNP In Talks To Create Asset Management Titan

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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 …

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BNP Paribas In Talks To Buy AXA Investment Managers For …

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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

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BNP Paribas In Talks To Buy AXA Investment Managers …

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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).

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BNP Paribas Swoop On AXA Fund Business Fuels Hopes …

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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 Paribas In Exclusive Talks To Acquire AXA IM In $5.6 …

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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.

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BNP Paribas To Pay €5.1 Billion For AXA Investment …

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Aug 2, 2024 · The deal is set to include an agreement for BNP Paribas’ long term management of a large part of AXA’s assets. It is expected to be signed at the end of 2024 and close in mid …

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

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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 In Exclusive Talks For $5.52 Billion Deal For …

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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 …

wsj.com

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BNP Paribas In Talks To Buy AXA Investment Managers For …

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Aug 1, 2024 · PARIS (Reuters) -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 …

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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’s €5.1 Billion Axa Deal Is One Monster Of A Bolt-On

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Aug 2, 2024 · BNP’s €5.1 Billion Axa Deal Is One Monster of a Bolt-On The French bank’s expansion in asset management makes strategic sense, but the financials are less than clear. …

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

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

Will BNP Paribas buy AXA?

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 create one of the largest money managers in Europe. The French bank said AXA Investment Managers has €850 billion, or about $916 billion, in assets under management. ...

What happened to AXA Investment Managers & BNP Paribas?

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 recent past has been something of a success story with its alternative asset platform, and asset management is a core skill for any large life and savings company. ...

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. ...

Is BNP a big deal?

The takeover is BNP's third largest deal ever, and would be the tenth biggest unveiled so far in Europe this year across all sectors, based on LSEG data, as M&A activity hots up after a lackluster 2023. It is also one of the largest deals in asset management in the past few years. ...

Will BNP Paribas become a leading European player?

With the combined contribution of BNP Paribas’ asset management platforms, the newly formed business, which total assets under management would amount to €1,500bn 1, would become a leading European player in the sector. ...

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. ...