Groupe BPCE-backed Natixis IM completed the acquisition of a 45% stake in Ostrum AM and a 40% stake in AEW Europe from La Banque Postale.

Groupe BPCE-backed Natixis IM, an asset management company, completed the acquisition of a 45% stake in Ostrum AM, an asset manager, and a 40% stake in AEW Europe, a real estate investment management services provider, from La Banque Postale, a banking and insurance specialist. Financial terms were not disclosed. “Insurance and fixed-income management and real-estate asset management are core client expectations and central to our strategic ambitions. As the sole shareholder of Ostrum AM and AEW Europe, Natixis IM will continue to actively develop these two asset managers, both leaders in their respective fields with €442bn and €38bn in assets under management at December 31, 2021,” Nicolas Namias, Groupe BPCE CEO of Global Financial Services.