The operation will create a new reality with assets under management of 1,500 billion, which will be one of the main players in Europe. Axa strengthens its P&C business with the purchase of Nobis
No banking risk, this time look at savings. The insurance company Ax announced the start of “exclusive negotiations” for the sale of I’m Axa in BNP Paribas (EPA:) For 5.4 billion euros. This operation will lead to its exit from the asset management segment.
LEADING ASSET MANAGER IN EUROPE
“Axa Im’s alliance with BNP Paribas will create a leading asset manager in Europe”, with assets under management of 1,500 billion eurosthe insurance company commented in a press release…
** This article was written by FinanceLounge