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BNP Paribas Cardif set to acquire Neuflize Vie

Written by Adam Cadle
21/05/2024

BNP Paribas Cardif is set to acquire French life insurance firm Neuflize Vie from its parent companies AXA and Dutch investment bank ABN Amro.

ABN Amro said that BNP Paribas Cardif “intends to acquire all shares in Neuflize Vie for an undisclosed amount”, adding that the combination will “constitute an undisputed leader in high-end life insurance in France”.

ABN AMRO said the transition will marginally affect its profitability and RWAs, resulting in a minor positive impact on its CET1 capital ratio.

To date, this transaction remains subject to the approval of the competent regulatory and competition authorities as well as to applicable procedures concerning the employees involved.


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