Axa and BNP can jointly buy commercial property
Wednesday 04 July 2012
The European Commission validated, on 4 July, under the accelerated procedure, the acquisition of indirect joint control over a commercial property located in Cergy-Pontoise in France by Axa France Vie SA and BNP Paribas, both of France. AXA is active in financial protection services and BNP Paribas is a bank that operates in 80 countries in three areas of activity - retail banking, corporate and investment banking and investment solutions. The property concerned is located in the department of Val d’Oise, in the French municipalities of Eragny-sur-Oise and Saint-Ouen l’Aumône, in the conurbation of Cergy-Pontoise. It is currently let to the French retailer Boulanger.