on BNP PARIBAS (EPA:BNP)
BNP Paribas Cardif Signs Agreement to Acquire AXA Investment Managers
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BNP Paribas Cardif has announced the signing of a Share Purchase Agreement to acquire AXA Investment Managers from AXA. The agreement follows exclusive negotiations initiated on August 1st and marks a significant milestone in the acquisition process.
The signing comes after completing the necessary information and consultation procedures with employee representatives from both companies. This step solidifies the ongoing long-term partnership between BNP Paribas Cardif and AXA.
BNP Paribas Group anticipates finalizing the €5.1 billion acquisition by mid-2025. The transaction is expected to have a 25 basis points impact on the Group's CET1 ratio, pending regulatory approvals.
R. E.
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