ENXTPA:BNPBanks
BNP Paribas AXA IM Deal Recasts Growth Story In Asset Management
BNP Paribas (ENXTPA:BNP) has agreed to acquire AXA Investment Managers, creating one of the largest investment management platforms in Europe.
The transaction brings AXA IM’s traditional and alternative asset management capabilities under the BNP Paribas umbrella.
The deal reshapes BNP Paribas’ future business mix while allowing AXA to concentrate more on its core insurance activities.
For you as an investor, this move strengthens BNP Paribas’ position in asset management alongside its...