Underneath the deal, AXA would additionally obtain round €300m from the sale of Choose, previously Architas, to AXA IM earlier than the closing of the transaction, bringing the overall proceeds to €5.4bn.
The sum would characterize a a number of of 15x 2023 earnings, AXA famous.
Moreover, AXA and BNP Paribas would enter right into a long-term strategic partnership, the place BNP would offer funding administration providers to AXA.
If the deal goes forward, it can create a European asset supervisor with round €1.5trn in property underneath administration.
AXA IM to accumulate US non-public fairness boutique W Capital Companions
AXA s…