AXA announces the signing of a Share Purchase Agreement with BNP Paribas for the sale of AXA Investment Managers
December 21, 2024
published at 5:30 PM CET
On August 1, 2024, AXA announced that it had entered into an exclusive negotiation to sell its asset manager AXA Investment Managers (AXA IM
) to BNP Paribas.
Following the completion of the information-consultation procedure with the relevant employee representative bodies of both AXA and BNP Paribas groups, AXA announced today that it has entered into a Share Purchase Agreement with BNP Paribas Cardif for the sale of AXA IM.
Thomas Buberl
Chief Executive Officer of AXA
This marks a significant milestone in the development of our long-term partnership with BNP Paribas, which will ensure our customers continue to benefit from a diverse array of best-in-class investment solutions.
As previously disclosed, the completion of the transaction is subject to customary closing conditions, including the receipt of regulatory approvals, and is expected to take place around the end of the second quarter of 2025.