BNP Paribas

BNP

FR0000131104

Banks

Market Closed - Euronext Paris Other stock markets 11:39:50 2024-09-06 EDT			5-day change	1st Jan Change
62.18 ^EUR	-2.25%		-0.64%	-0.66%

09-06	Pearson Unit Prices GBP350 Million Guaranteed Notes Issuance	MT
09-06	United Overseas Bank Prices 750 Million Pounds In Covered Bonds	MT

BNP Paribas in Exclusive Talks for $5.5 Billion Acquisition of AXA IM

August 01, 2024 at 01:12 pm

By Adria Calatayud

BNP Paribas entered into exclusive talks to buy the investment-management arm of insurer AXA for 5.1 billion euros ($5.52 billion) and reach a long-term partnership in asset management.

The French bank said Thursday that the newly-formed business would oversee assets amounting to EUR1.500 trillion and become a leading European player in the sector.

The signing of the proposed transaction is expected by the end of the year, but remains subject to consultations with employee-representative bodies, the companies said. The deal would close by mid-2025, they added.

Write to Adria Calatayud at adria.calatayud@wsj.com

(END) Dow Jones Newswires

08-01-24 1311ET

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	BNP PARIBAS	62.18 EUR	-2.25%	-0.64%	78.01B
	AXA	34.49 EUR	-0.66%	+0.26%	80.86B

Latest news about BNP Paribas

Pearson Unit Prices GBP350 Million Guaranteed Notes Issuance	09-06	MT
United Overseas Bank Prices 750 Million Pounds In Covered Bonds	09-05	MT
French banks rise after Michel Barnier's appointment as Prime Minister	09-05	RE
Far East Horizon to Issue $550 Million Medium Term Bonds	09-05	MT
BNP Paribas Appoints Adrien Lalau as Asia Fund Advisory Head	09-04	CI
Bnp Paribas Appoints Adrien Lalau as Head of Investment Funds Advisory	09-04	CI
BNP Paribas Announces the Appointment of Sofia Lönnqvist as Co-Head of Financial Institutions Coverage	09-03	CI
BNP PARIBAS : DZ Bank reaffirms its Neutral rating	08-30	ZD
France's political quagmire keeps asset recovery at bay	08-30	RE
BNP Paribas Announces Change in Chief Economist	08-29	CI
UltraTech Cement Raises $500 Million Through Sustainability-Linked Loan	08-27	MT
India's UltraTech Cement raises $500 million via sustainability-linked financing	08-26	RE
Nomura, Mizuho Among Banks Obtaining Jobs Data Via Calls During Report Delay	08-22	MT
Nomura, Mizuho Among Banks Obtaining Jobs Data Via Calls During Report Delay	08-21	MT
Ageas: BNP Paribas strengthens, Fosun lightens	08-19	CF
Ramsay Santé Refinances its Senior Debt Facility	08-13	CI
Poland's BNP Paribas BP Q2 profit jumps 36% on provisions, deferred tax	08-13	RE
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Morepen Laboratories Raises INR2 Billion via Qualified Institutional Placement; Shares Dip 6%	08-06	MT
Ocado Group Sets GBP700 Million Cap for Tender Offers of 2025, 2026 Notes	08-05	MT
BNP PARIBAS : JP Morgan remains Neutral	08-05	ZD
Rolls-Royce Seeks Stake Sale for Mini Nuclear Reactor Venture	08-05	MT
BNP Paribas swoop on AXA fund business fuels hopes for more deals	08-05	RE

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Company Profile

BNP Paribas is France's largest banking group. Net banking product (NBP) breaks down by activity as follows: - retail banking (54%): retail banking activity in France (24.1% of NBP), in Belgium (14.6%), and Italy (10.2%). The remainder of the NBP (51.1%) is from international activities and specialized financial services activities (consumer loans, real estate credit, leasing credit, car fleet management, computer equipment leasing); - finance and investment banking (34.4%): consulting and capital market activities (83.7% of NBP; merger-acquisition consulting, activities related to the stock, interest, and exchange markets, etc.) and financing (16.3%; financing for acquisitions, projects, raw material transactions, etc.); - institutional and private management and insurance (11.6%): asset management, private banking activity (No. 1 in France), real estate and on-line brokerage services, insurance and securities services (No. 1 in Europe for retained securities). At the end of 2023, BNP Paribas was managing EUR 988.5 billion in current deposits and EUR 859.2 billion in current loans. Net banking product is distributed geographically as follows: Europe, Middle East and Africa (82.9%), America (9.8%) and Asia/Pacific (7.3%).

Employees

183,000

Sector

Banks

Calendar

2024-10-07 - Shareholders Meeting

Related indices

CAC 40 , Euro STOXX 50 Index , STOXX Europe 600 Index (EUR)

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