BNP Paribas in Exclusive Talks for $5.52 Billion Deal for AXA's Investment-Management Arm

BNP Paribas is in exclusive talks to acquire the investment-management arm of insurer AXA and form a long-term partnership for $5.52 billion. The deal would create a major European asset-management entity and facilitate AXA’s exit from asset management. BNP Paribas aims to strengthen its investment-management operations through this proposed transaction.