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AXA and BNP Paribas mutually agree to terminate their shareholders' agreement

  • 18.03.2014
AXA and BNP Paribas announce their mutual decision to terminate their agreement concluded on August 5, 2010 in connection with their reciprocal shareholdings.

In force for an initial period of three years, this agreement was renewable automatically for successive periods of one year. The terms and conditions of this agreement were substantially the same as those of a previous agreement concluded in 2005, except with respect to a requirement in the 2005 agreement to maintain a minimum level of cross shareholdings Currently, the residual reciprocal shareholdings of AXA and BNP Paribas SA are lower than 0.1% of the share capital..

In this context, AXA and BNP Paribas reaffirm their intent to maintain their relationship and the continuity of their historical links and partnerships which have contributed to the success and growth of both Groups.

March 17, 2014