Notification of agreement

  • 28.09.2001
Dated September 12, 2001, the AXA and BNP Paribas Groups signed an agreement whereby the two Groups reaffirmed their desire to continue to develop industrial cooperation, while respecting the specific nature of their businesses and the independence of their corporate structures. This agreement replaces the previous agreements which had been in place between AXA and Paribas, and UAP (subsequently AXA) and BNP.

This agreement between the AXA and BNP Paribas Groups includes a clause to maintain a minimum cross-shareholding (respectively 4.9% ownership of AXA in BNP Paribas and 22.25% of BNP Paribas in Finaxa) and grants each party a call right in the event of a change in the control of the other Group.

Furthermore, in view of its historic links with the BNP Paribas Group, AXA has renewed BNP Paribas' liquidity option with respect to its interest in Finaxa on terms securing a valuation of Finaxa based on the value of its shareholding in AXA.

In the event of a public offer for either Group, both Groups will be discharged from their minimum cross-shareholding obligations.

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BNP Paribas
Société anonyme au capital de 1.771.942.784 euros
Headquarters: 16, boulevard des Italiens 75009
662 042 449 RCS Paris
Société anonyme au capital de 3.929.074.420,38 euros
Headquarters: 25, avenue Matignon 75008
333 491 066 RCS Paris