BNP Paribas Expects to Complete Purchase of Axa Investment Managers in July – ryan

At Adam Whittaker

  BNP Paribas said it expects to complete its $ 5 Billion-Plus Acquisition of Axa Investment Managers in Early July. 
  The French Lender said Monday that it has signed a share purchase agreement for the investment management company. 
  In December, BNP Paribas said it had signed a deal to buy axa im for 5.1 billion euros ($ 5.79 billion). 
  BNP Paribas Estimates A 35 Base-Point hit to its common equity tiger 1 ratio and expects its return on invested capital to be above 14% three years after complete and more than 20% in the fourth year. 
  BNP Paribas said it would continue with a previously announced Share Buyback Program and Uphold its Existing Shareholder Distribution Policy After the Deal Completes. 
  The final conditions will be disclosed when the deal is completed, bnp paribas said. 
  WRITE TO ADAM WHITTAKER AT [email protected] 
  (End) Dow Jones Newswires
  April 14, 2025 01:41 ET (05:41 GMT)
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