BNP Paribas Cardif Completes Share Purchase Agreement for AXA Investment Managers
Deal News | Apr 14, 2025 | Globenewswire
BNP Paribas Cardif, the insurance arm of the BNP Paribas Group, has reached a significant milestone in its strategic expansion with the signing of a Share Purchase Agreement for AXA Investment Managers (AXA IM). The transaction, following exclusive negotiations that began in August 2024, is set to conclude in early July 2025. The acquisition will reinforce BNP Paribas' position in the European asset management arena, specifically targeting long-term savings assets for insurers and pension funds. AXA IM's strong market position in private assets is expected to complement BNP Paribas' offerings and drive growth. The transaction's impact is anticipated to influence BNP Paribas' Common Equity Tier 1 (CET1) ratio by approximately -35 basis points, while the return on invested capital is projected to exceed 20% by the fourth year. The acquisition aligns with BNP Paribas' mission to bolster the economy by effectively channeling savings for future-oriented projects, maintaining their dividend and share buyback policies. BNP Paribas continues to maintain substantial operations across Europe, with its influence stretching globally, driven by a diversified and integrated business model.
Sectors
- Financial Services
- Asset Management
- Insurance
Geography
- France – Both BNP Paribas and AXA have their headquarters in Paris, France, and are key players in the European financial services market.
- Europe – The expansion strategy of BNP Paribas Cardif through this acquisition is targeted at strengthening its position as a leading asset management entity within Europe.
Industry
- Financial Services – This is the main industry for BNP Paribas and AXA Investment Managers, focusing on the provision of financial services such as banking, investment, and asset management.
- Asset Management – This specific sector is relevant as the article discusses BNP Paribas Cardif's acquisition of AXA Investment Managers to strengthen its asset management capabilities.
- Insurance – BNP Paribas Cardif operates predominantly within insurance, highlighting their role in managing savings specifically related to insurance products.
Financials
- -35 bps – Expected impact on BNP Paribas Group's CET1 ratio following the acquisition.
- 20% – Expected return on invested capital by the fourth year of the acquisition.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BNP Paribas Cardif | Bidding Company | Company | The insurance subsidiary of BNP Paribas, focused on expanding its asset management capabilities through acquisition. |
| AXA Investment Managers | Target Company | Company | The asset management arm of AXA, specialized in private assets, and the target of acquisition by BNP Paribas Cardif. |
| AXA | Selling Company | Company | The parent company of AXA Investment Managers, selling its asset management division to BNP Paribas Cardif. |