BNP Paribas Cardif signs agreement to acquire AXA Investment Managers for €5.1 billion

From GlobeNewswire: 2024-12-21 06:17:00

BNP Paribas Cardif has signed a Share Purchase Agreement for AXA Investment Managers (AXA IM) after exclusive negotiations with AXA. The acquisition is valued at €5.1 billion and is expected to close in mid-2025. The agreement will have an impact of 25 bps on BNP Paribas Group’s CET1 ratio. Renaud Dumora, Chairman of BNP Paribas Cardif, expressed excitement about the long-term partnership. The signing follows completion of consultation procedures with employee representative bodies. BNP Paribas operates in 63 countries and employs nearly 183,000 people, playing a key role in international banking with a focus on commercial, personal banking, and investment services.



Read more at GlobeNewswire: Signing of the share purchase agreement