BNP Paribas Cardif Signs Agreement to Acquire AXA Investment Managers

BNP Paribas Cardif has announced the signing of a Share Purchase Agreement to acquire AXA Investment Managers from AXA. The agreement follows exclusive negotiations initiated on August 1st and marks a significant milestone in the acquisition process.

The signing comes after completing the necessary information and consultation procedures with employee representatives from both companies. This step solidifies the ongoing long-term partnership between BNP Paribas Cardif and AXA.

BNP Paribas Group anticipates finalizing the €5.1 billion acquisition by mid-2025. The transaction is expected to have a 25 basis points impact on the Group's CET1 ratio, pending regulatory approvals.