AXA, BNP Paribas Consider Asset Management JV, Bloomberg Reports
-- French insurer AXA is exploring options for AXA Investment Managers, and it has held talks regarding a combination with the asset management business of lender BNP Paribas, Bloomberg reports citing unnamed sources.
-- Talks have centered on creating a joint venture between the two asset management units which, combined, would have around 1.4 trillion euros ($1.511 trillion) in assets under management, Bloomberg reports.
-- AXA has also considered a tie-up with the asset management divisions of other French rivals, Bloomberg reports.
-- AXA declined to comment when approached by Dow Jones Newswires while BNP Paribas didn't immediately respond.
Full story: https://tinyurl.com/n8kp39s7
Write to Elena Vardon at elena.vardon@wsj.com
(END) Dow Jones Newswires
July 04, 2024 04:08 ET (08:08 GMT)
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