The aforementioned company is a subsidiary

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07.2023 Amazon Amazon to spend $150 billion to build data centers 18:16 - 03.04.2024 AWS Amazon increases investment in Ohio to $10 billion, the reason is AI 20:55 - 25.12.2024 BNP Paribas to acquire AXA Investment for $5.3 billion BNP AXA Giorgi Tolordava 23.12.24 23:35 • 180 French banking and financial giant BNP Paribas has decided to acquire AXA Investment for $5.


3 billion.of AXA Group and is engaged in investment activities, as opposed to AXA's core business, which is insurance. It seems that both parties agree on the terms of the deal, india fax data which means that BNP wants to expand its investment portfolio, while AXA Group wants to receive cash and strengthen its insurance business. If the transaction is approved by the regulatory body, then a new investment holding will emerge in Europe, the volume of assets of which will reach $1.


5 trillion, which will be one of the largest in the region. It should be noted that recently, banks have been increasingly choosing a strategy of acquisitions and mergers, which is due to growing competition and the fact that investors and clients tend to choose the largest holdings, which pushes relatively smaller players to merge. While we're talking about scale, we should also talk about the market valuations of the aforementioned companies.