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BNP’s Axa IM acquisition to close in July despite ECB shutting capital loophole

Etienne Mercuriali
By Etienne Mercuriali

BNP Paribas’s €5.1bn purchase of AXA Investment Managers (AXA IM) is increasingly reliant on a 15-year distribution deal with fund group’s insurer parent, that insulates the bank against customer flight […]

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