BNP Paribas to Acquire AXA Investment Managers

BNP Paribas has entered into a definitive agreement to acquire 100% of AXA Investment Managers. According to a story in The Trade news, 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-2025, pending relevant regulatory approvals. The merger will create a mega-manager and leading player in the European sphere with roughly €1.5 trillion in assets under management. Specifically, the new entity would be a leading player in long term savings assets for insurers and pension funds, BNP Paribas said.