Axa in Exclusive Talks to Sell Investment Management Division to BNP Paribas for €5.1 Billion

Axa is in exclusive negotiations to sell its investment management division to BNP Paribas for €5.1 billion, marking a significant shift in the investment management landscape. This strategic move allows Axa to refocus on its core insurance business while enabling BNP Paribas to enhance its asset management capabilities. The potential acquisition could reshape the competitive dynamics within the financial sector, highlighting the trend of strategic partnerships and consolidation in the industry.