AXA and BNP Parabas have concluded an agreement in principle with the acquisition by AXA Banque of 100% of the capital of Banque Direct, a subsidiary of the BNP Paribas Group.
The agreement is pending the opinion of employees representatives and the approval of banking regulators.
This move will enhance AXA¹s financial position in France and provide a well established banking platform to its clients and its distribution networks.
