AXA completes the sale of AXA Investment Managers to BNP Paribas

AXA announced today that it has completed the sale of AXA Investment Managers (“AXA IM”) to BNP Paribas for cash proceeds* of Euro 5.1 billion. AXA also closed the sale of Select to AXA IM for a consideration of Euro 0.3 billion, bringing the total transaction value to the previously announced amount of Euro 5.4 billion**,***.AXA and BNP Paribas have today entered into a long-term partnership under which BNP Paribas will provide investment management services to AXA. AXA will retain full authority over product design, asset allocation and asset-liability management decisions. The combination of AXA IM and BNP Paribas creates a leading European asset manager, with total assets under management of Euro 1.5 trillion****.Weiter zum vollständigen Artikel bei AXA SAShs Weiter zum vollständigen Artikel bei AXA SAShs