French Stocks: BNP Paribas Eyes €5.1B Acquisition of AXA

Aug 2, 2024 · The acquisition, valued at €5.1 billion in cash, is expected to be completed by mid-2025, pending regulatory approvals.BNP shares lost 1.5% as of writing, whereas AXA gained …

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French Stocks: BNP Paribas Eyes €5.1B Acquisition Of AXA

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Aug 2, 2024 · The acquisition, valued at €5.1 billion in cash, is expected to be completed by mid-2025, pending regulatory approvals.BNP shares lost 1.5% as of writing, whereas AXA gained …

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BNP Paribas Signs €5.1 Billion Deal To Buy Axa’s Asset Manager

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Dec 21, 2024 · BNP Paribas SA finalized the €5.1 billion ($5.3 billion) purchase of Axa SA’s asset management unit, in the biggest acquisition under Chief Executive Officer Jean-Laurent Bonnafe.

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BNP Paribas Agrees To $5.3B Acquisition Of AXA’s Asset Manager

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Dec 23, 2024 · BNP Paribas agreed to acquire AXA ‘s asset management unit for €5.1 billion (around $5.3 billion), making it the third-largest M&A deal globally in the asset management …

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BNP Paribas, AXA Sign Deal For $5.3 Billion Acquisition Of AXA IM

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Dec 23, 2024 · BNP Paribas said its BNP Paribas Cardif insurance business and AXA signed a deal for the 5.1 billion-euro ($5.32 billion) purchase of AXA Investment Managers. The French …

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BNP Paribas, AXA Sign Deal For $5.3 Billion Acquisition Of AXA IM

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BNP Paribas BNP 2.63 % increase; green up pointing triangle said its BNP Paribas Cardif insurance business and AXA signed a deal for the 5.1 billion-euro ($5.32 billion) purchase of …

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

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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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FAQs about French Stocks: BNP Paribas Eyes €5.1B Acquisition of AXA Coupon?

Did BNP Paribas buy AXA SA?

A BNP Paribas SA bank branch in Paris. BNP Paribas SA finalized the €5.1 billion ($5.3 billion) purchase of Axa SA ’s asset management unit, in the biggest acquisition under Chief Executive Officer Jean-Laurent Bonnafe. ...

Will BNP buy Axa IM?

The Axa deal will allow BNP to challenge Europe’s No. 1 in asset management, Amundi SA, although it would still be dwarfed by US firms such as BlackRock Inc. or Vanguard Group Inc. Read more: BNP in Talks to Buy Axa IM in €5.1B Deal: M&A Snapshot Axa has said it plans to use proceeds from the sale for share buybacks and to fund growth. ...

What if BNP Paribas took over Axa IM?

Generally speaking, if the takeover of AXA IM by BNP Paribas would have happened on June 30, 2024, the merger would have created the eighth largest ETF promoter in Europe with €29.9 bn in assets under management. Graph 1: Market Share of the Assets Under Management by Product Type (June 30, 2024) ...

How much will AXA & BNP Paribas invest in 2023?

The total estimated transaction value is expected to be Euro 5.4 billion, representing a multiple of 15x 2023 earnings. Under the terms of the proposed transaction, AXA and BNP Paribas would also enter into a long-term strategic partnership under which BNP Paribas would provide investment management services to AXA. ...

Is AXA IM a BNP Paribas easy ETF?

After an absence of around 13 years, AXA IM returned to the European ETF industry with a range of active ETFs in September 2022. With regard to their product ranges, the integration of the AXA IM products into the BNP Paribas Easy ETF product range makes sense since AXA IM runs only active ETFs, while BNP Paribas offers passive products. ...

How much does BNP Paribas Group's acquisition cost?

As previously communicated, the agreed price for the acquisition and the long-term partnership is €5.1 billion, with the closing expected mid-2025 and an anticipated impact on BNP Paribas Group's CET1 ratio of 25 bps subject to agreements with the relevant authorities. ...