French finance group splits asset management business in two

French company Axa, which recently purchased a Danish real estate portfolio worth EUR 173 million, is creating two new asset management businesses through the split, Bloomberg writes.

Axa Investment Managers, which has completed two Danish real estate purchases, is part of the AXA financial group. | Photo: Arnd Wiegmann / Ritzau Scanpix

French financial group Axa is dividing its business unit for asset management into two and creating a new, EUR 137 billion asset management division, Bloomberg reports.

Asset manager Axa Investment Managers (Axa IM), which is a part of Axa, has previously invested in Danish real estate, starting a year ago, when EjendomsWatch reported that the company had purchased 78 residential real estate units in Irmabyen in Rødovre, just outside Copenhagen, in a EUR 33 million (DKK 246 million) deal.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Nasdaq reports record year in Europe

In 2021, the number of new equity listings on the Nasdaq exchange in Copenhagen broke the old record set in 2007, and in Stockholm, the exchange recorded its highest-ever number of new listings. Nasdaq also had increasing trading volumes last year.

Further reading

Related articles

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch