BNP Paribas e Axa Investment Managers(Axa Im) Get married. The acquisition of the insurance group by the French bank has been closed. 5.1 billion euros. The transaction, which is expected to close in mid-2025, marks Axa’s exit from the asset management sector.
Transactions between Bnp Paribas and Axa
The deal between BNP Paribas and AXA was closed after four months of negotiations, marking AXA Insurance Group’s exit from the asset management sector. The acquisition will create a leading European asset management operator with assets under management. 1,500 billion eurosOf which 850 billion euros for Axa Im.
The expected return on capital invested in the operation will be higher. 18 percent already in the third yearafter the completion of the integration process. “As a reminder, the agreed price for the acquisition and implementation of the long-term partnership is €5.1 billion, which is expected to close in mid-2025, with an expected impact on BNP Paribas Group’s CET1 ratio of 25 pb. There will be, subject to agreements with the relevant authorities,” BNP Paribas said in a statement.
The agreement also provides for the transfer of ownership. Axa Investment ManagersA long-term strategic partnership to jointly manage a significant portion of the insurance business of BNP Paribas Cardiff: “This is an important step in the acquisition process of Axa Im and a long-term partnership with Axa,” he said. Reynaud Domora.President of BNP Paribas Cardiff and Deputy General Manager of BNP Paribas. “All teams are now working to welcome Axa Im employees and customers to the BNP Paribas Cardiff group”.
Axa Investment Managers has been a “success story” for the Axa Group. Over the past 25 years we have built an exceptional franchise in investment expertise, and a proven track record of sustainability,” he said. Thomas BoberlCEO of AXA. “By joining forces with BNP Paribas, AXA Investment Managers will become a global asset manager with a broader product offering and with the common goal of strengthening its leadership position in responsible investing.”
The deal with BNP marks a consolidation of the group’s insurance business under the leadership of Boberl, who acquired the Italian company in August. usFounded by Alberto di Tanno, for 432 million euros. Company, which is also counted among its members. Andrea Agnelli, In 2023 it recorded 500 million in gross premiums and 35 million in net profit, the multi-firm operates through a network of around 500 partners including insurance agents and brokers.
Through this acquisition, BNP Paribas aims to strengthen its global presence and diversify its revenue streams by leveraging the liquidity generated by the sale of its US assets. In this way, the French bank will become part of a small group of important players in the sector, such as with the giants. Credit Agricole e Amundiwho manage the total assets of the OVER. 2,600 billion dollars.
