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# BNP Paribas and AXA Sign Definitive Agreement for EUR 5.1 Billion Acquisition of AXA Investment Managers
- URL: https://www.theglobalbanker.com/bnp-paribas-axa-definitive-agreement-axa-im-5-1-billion/
- Published: 2024-12-21T17:00:00.000Z
- Updated: 2026-10-02T13:37:20.000Z
- Description: BNP Paribas and AXA have signed a definitive agreement for BNP Paribas to acquire 100% of AXA Investment Managers for EUR 5.1 billion, following exclusive negotiations announced in August.
- Author: TGB Editorial Team
- Tags: M&A, Europe, #archive

BNP Paribas Cardif and AXA have signed a share purchase agreement under which the BNP Paribas group, through BNP Paribas Cardif, will purchase 100% of AXA Investment Managers for a final price of 5.1 billion euros. The agreement followed a period of exclusive negotiations that the two groups announced in August 2024.

The deal remains subject to conditions before it can close. The signing followed completion of the information and consultation procedure with the relevant employee representative bodies of both the AXA and BNP Paribas groups — a legally required process under French labour law before major corporate transactions affecting employees can proceed.

#### DEAL TERMS AND STRUCTURE

The 5.1 billion euro price covers the acquisition of the entirety of AXA IM together with a long-term partnership with AXA. BNP Paribas's existing asset management activities are conducted through BNP Paribas Asset Management.

Alongside the acquisition, BNP Paribas and AXA will establish a long-term partnership in asset management, the outlines of which were described when the exclusive negotiations were announced in August. That partnership would give AXA continued access to asset management services for its insurance operations.

#### REGULATORY APPROVALS AHEAD

With that process concluded, the remaining conditions are the regulatory approvals required to transfer ownership of a regulated asset management firm, with closing expected around the end of the second quarter of 2025.