Can Pac Swire
As per the statement from BNP Paribas, the amount of assets managed by AXA Investment Managers (AXA IM) totals approximately €850 billion.
The companies could also establish a prolonged contract for overseeing a substantial portion of AXA's assets.
The merging of AXA and BNP Paribas' investment management activities will form a prominent European player in the industry. The press release stated that the total assets managed by the merged company will amount to €1.5 trillion.
The overall value of the agreement, comprising asset purchases and partnership formation, could reach up to €5.1 billion.
Should the parties come to a consensus, the deal will be finalized in the middle of 2025.
source: reuters.com
The companies could also establish a prolonged contract for overseeing a substantial portion of AXA's assets.
The merging of AXA and BNP Paribas' investment management activities will form a prominent European player in the industry. The press release stated that the total assets managed by the merged company will amount to €1.5 trillion.
The overall value of the agreement, comprising asset purchases and partnership formation, could reach up to €5.1 billion.
Should the parties come to a consensus, the deal will be finalized in the middle of 2025.
source: reuters.com
