BNP Paribas Cardif has signed an agreement to acquire AXA Investment Managers for €5.1 billion, anticipating closing by mid-2025.

Target Information

AXA Investment Managers (AXA IM), a prominent player in the global investment management sector, has been officially acquired by BNP Paribas Cardif, following exclusive negotiations that began on August 1st. This acquisition signifies a significant step for both organizations, marking the beginning of a strategic partnership aimed at expanding BNP Paribas Cardif's asset management capabilities.

The completion of this acquisition comes after fulfilling necessary information and consultation procedures with employee representative bodies from both AXA and BNP Paribas, indicating a collaborative approach to this transition. Renaud Dumora, the President of BNP Paribas Cardif and Deputy CEO of BNP Paribas, emphasized the team's commitment to integrating AXA IM's personnel and clients into the BNP Paribas Cardif Group as they move forward.

Industry Overview in France

The asset management industry in France is one of the largest in Europe, with a diverse range of offerings from various financial institutions. It encompasses mutual funds, pension funds, and various inve