{"id":60465,"date":"2024-08-02T08:30:43","date_gmt":"2024-08-02T07:30:43","guid":{"rendered":"https:\/\/www.etfworld.com\/nl\/?p=60465"},"modified":"2024-08-02T10:17:08","modified_gmt":"2024-08-02T09:17:08","slug":"bnp-paribas-enters-into-exclusive-negotiations-with-axa-for-the-acquisition-of-axa-investment-managers","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/nl\/bnp-paribas-enters-into-exclusive-negotiations-with-axa-for-the-acquisition-of-axa-investment-managers\/","title":{"rendered":"BNP Paribas enters into exclusive negotiations with AXA for the acquisition of AXA investment Managers"},"content":{"rendered":"
BNP Paribas<\/strong> enters into exclusive negotiations with AXA for the acquisition of AXA investment Managers<\/strong> and a long term partnership in Asset Management<\/h5>\n

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Jean-Laurent Bonnaf\u00e9, Director and CEO, BNP\u00a0Paribas.<\/strong><\/p>\n

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The BNP Paribas Group announces today that it has entered into exclusive negotiations with AXA to acquire 100% of AXA Investment Managers (AXA IM), representing close to \u20ac850bn1 <\/sup>assets under management, together with an agreement for a long-term partnership to manage a large part of AXA\u2019s assets.<\/p>\n

BNP\u00a0Paribas Cardif, the insurance business of BNP\u00a0Paribas, after having directly proceeded to the proposed transaction as principal, would have the opportunity to rely on this platform for the management of up to \u20ac160bn of its savings and insurance assets1<\/sup>.<\/em><\/p>\n

With the combined contribution of BNP\u00a0Paribas\u2019 asset management platforms, the newly formed business, which total assets under management would amount to \u20ac1,500bn1<\/sup>,\u00a0would become a leading European player in the sector.<\/p>\n

Specifically, it would become the European leading player in the management of long-term savings assets for insurers as well as pension funds, with \u20ac850bn of assets1<\/sup>, leveraging powerful platforms of public and private assets. The acquisition would also allow the combined businesses to benefit from AXA IM Alternatives\u2019 leading market position and track record in private assets which will drive further growth with both institutional and retail investors.<\/p>\n

The agreed price for the acquisition and the set-up of the partnership is of \u20ac5.1bn at closing, expected mid-2025.<\/p>\n

With a CET1 impact of circa 25 bp for BNP\u00a0Paribas, the expected return on invested capital of the transaction would be above 18% as soon as the 3rd year, following the end of the integration process.<\/p>\n

The signing of the proposed transaction, expected by the end of the year, is subject to the information process and consultation of the employees\u2019 representative bodies. The closing of the transaction is expected by mid-2025 once regulatory approvals have been obtained.<\/p>\n

\u201cThis project would position BNP\u00a0Paribas as a leading European player in long-term asset management. Benefiting from a critical size in public and alternative assets, BNP\u00a0Paribas would serve its customer base of insurers, pension funds, banking networks and distributors more efficiently. The strategic partnership entered into with AXA, the cornerstone of this project, confirms the ability of both our groups to join forces. This major project, which would drive our growth over the long-term, would represent a powerful engine of growth for our Group.\u201d<\/em> said Jean-Laurent Bonnaf\u00e9, Director and CEO, BNP\u00a0Paribas<\/strong>.<\/span><\/p><\/blockquote>\n

\"Buberl<\/a>\u201cAXA Investment Managers has been a homegrown success story for the AXA Group. Over the past 25 years, we have built an exceptional franchise anchored in investment expertise, a relentless client focus and a proven track record on sustainability. Thanks to the quality of its teams, AXA IM is today a leading player, notably in Alternatives in Europe<\/em>.\u201d said Thomas Buberl, CEO of AXA<\/strong><\/span>. \u201cBy joining forces with BNP\u00a0Paribas, AXA IM would become a global asset manager with a wider product offering and a mutual objective to further their leading position in responsible investing. I would like to thank all AXA IM employees for their unwavering commitment, and their continued focus on delivering value for our clients<\/em>.\u201d<\/p><\/blockquote>\n

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\u201cThe creation, within the Investment & Protection Services (IPS) division of the BNP\u00a0Paribas Group, of a European leader \"Dumora<\/a>in the management of long-term insurance and savings assets, would enable the IPS division to exceed EUR 2 trillion of assets entrusted by its clients. This operation would allow BNP\u00a0Paribas Cardif to benefit from premium access to the services of an asset management expert on the asset classes required for insurance management. The combined expertise of the BNP\u00a0Paribas Asset Management and AXA IM teams in public and private assets, as well as their leadership in sustainability, would be valuable assets to better meet future needs of clients.<\/em>\u201d said Renaud Dumora, Deputy Chief Operating Officer, Investment & Protection Services, BNP\u00a0Paribas<\/span>.<\/strong><\/p>\n

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[1] Based on assets as at 31.12.2023<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Source : ETFWorld.co.uk<\/p>\n","protected":false},"excerpt":{"rendered":"

BNP Paribas enters into exclusive negotiations with AXA for the acquisition of AXA investment Managers and a long term partnership in Asset Management<\/p>\n","protected":false},"author":4,"featured_media":60468,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":null,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"default","_twitter_share_type":"default","_linkedin_share_type":"default","_pinterest_share_type":"default","_linkedin_share_type_page":"","_instagram_share_type":"default","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":null,"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[4],"tags":[309],"class_list":["post-60465","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-etf-europe","tag-bnp-paribas"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/60465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/comments?post=60465"}],"version-history":[{"count":1,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/60465\/revisions"}],"predecessor-version":[{"id":60469,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/60465\/revisions\/60469"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media\/60468"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media?parent=60465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/categories?post=60465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/tags?post=60465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}