BNP Paribas to acquire AXA Investment Managers from AXA for €5.1bn.

BNP Paribas, a multinational universal bank and financial services holding company, agreed to acquire AXA Investment Managers, a global investment management firm, from AXA, a French multinational insurance company, for €5.1bn. "I would like to extend a warm welcome to AXA IM teams who would join BNP Paribas as part of the completion of the project. In line with the model developed by AXA IM, BNP Paribas will remain deeply committed to deploying this new enlarged long-term savings management platform to serve insurers, pension funds as well as bank and distribution networks," Jean-Laurent Bonnafé, BNP Paribas CEO.